World Bank arm IFC pledges $1.9 bln to Vietnam in fiscal year 2023

World Bank arm IFC pledges $1.9 bln to Vietnam in fiscal year 2023

The International Finance Corporation (IFC), the World Bank Group’s private-sector investment arm, made total commitments of $1.9 billion in Vietnam in fiscal year 2023 ending June 30, the IFC announced on Wednesday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Renewable energy manufacturing offers huge opportunity to Southeast Asia: study

Renewable energy manufacturing offers huge opportunity to Southeast Asia: study

Southeast Asia, which includes Vietnam, could lose up to 30% of its GDP by 2050 due to increases in global temperature and extreme weather events, but bolstering its renewable energy manufacturing would help regional nations in several aspects, according to a new report.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Asean green transformation expected to lure $6.7 trillion in investments: Secretariat

Asean green transformation expected to lure $6.7 trillion in investments: Secretariat

The Association of Southeast Asian Nations (Asean) is setting course for a carbon-neutral future which could attract a substantial $3.7-6.7 trillion in green investment and unlock between 49 and 66 million additional jobs for the region, according to the block Secretariat.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Germany’s DEG to provide $55 mln loan to back Vietnam lender OCB’s SME portfolio

Germany’s DEG to provide $55 mln loan to back Vietnam lender OCB’s SME portfolio

DEG, the German government’s investment arm, has committed a $55 million loan for Vietnam’s Orient Commercial Joint Stock Bank, or OCB.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7