Credit Line for Joint Stock Commercial Bank for Investment and Development of Vietnam under GREEN Operations
Vietnam, April 21 -- The Japan Bank for International Cooperation (JBIC) signed on April 20 a general agreement to provide a credit line with Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), the largest state-owned commercial bank in Vietnam, amounting to up to USD200 million, of which JBIC's portion is USD120 million. This credit line is intended to finance, through BIDV, the funds necessary for projects related to energy transitions and electricity grids in Vietnam under GREEN operations. The government of Vietnam announced in 2021 its goal of achieving net-zero emission by 2050 and becoming a high-income country by 2045. By revising the Power Development Plan 8 in April 2025, the government expressed its inte...
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