asean sectoral bodies release asean taxonomy for sustainable finance

ASEAN sectoral bodies release ASEAN Taxonomy for sustainable finance

ASEAN finance sectoral bodies today achieved a milestone towards meeting Paris Agreement commitments by introducing a common language across ASEAN for financing sustainable economic activities.
plastic as a valuable resource for vietnam to tackle plastics pollution

Plastic as a valuable resource for Vietnam to tackle plastics pollution

A new IFC-World Bank analysis argues that treating used plastic as a resource provides a compelling financial case for Vietnam to scale up recycling and other plastic circularity efforts while fostering sustainable economic development locally.
stronger private sector a key to economic transformation in vietnam

Stronger private sector - a key to economic transformation in Vietnam

As Vietnam battles another wave of COVID-19, accelerating the pace of reforms, upgrading workforce skills and infrastructure will strengthen the private sector to help the country recover from the pandemic and unlock its potential, according to a new World Bank Group report.
world bank ifc and australia partner to strengthen vn capital market

World Bank, IFC and Australia partner to strengthen VN capital market

The IFC and the World Bank, in partnership with the Australian government, are implementing a multi-year advisory programme to facilitate Viet Nam’s stock market development, the IFC announced on Tuesday.
world bank and australia partner to strengthen vietnams capital market

World Bank and Australia partner to strengthen Vietnam’s capital market

As Vietnam seeks increased capital to sustain economic activities to continue strong growth in the wake of COVID-19, IFC, the World Bank, and the Australian government have partnered to promote the development of the country’s equity capital market.
banks and ifc boost trade and supply chain finance to promote trade in vietnam

Banks and IFC boost trade and supply chain finance to promote trade in Vietnam

Nearly 2,000 exporters and importers in Vietnam have benefitted from the trade financing of the International Finance Corporation (IFC) over the past fiscal year.
ifc boosts covid 19 and climate response efforts in banner year for east asia and pacific

IFC boosts COVID-19 and climate response efforts in banner year for East Asia and Pacific

With the goal of building resilience among people, businesses, and countries, International Finance Corporation (IFC) ramped up response efforts to tackle the dual crises of climate change and COVID-19 in East Asia and the Pacific in the last fiscal year.
greener finance incentives picked up by local banks

Greener finance incentives picked up by local banks

Capital injection from international and local lenders is envisaged to help boost green-driven, sustainable and high-value agricultural models, as well as bridge the gap for the climate-finance market which is still at the nascent stage in Vietnam.
ifc and two affiliate funds acquire 629 per cent in pvi holdings insurance

IFC and two affiliate funds acquire 6.29 per cent in PVI Holdings Insurance

In a move to expand insurance to people and businesses, International Finance Corporation (IFC) and two investment funds it manages are investing in PVI Holdings, one of the largest insurers in Vietnam.
supply chain finance a solution to support msmes and promote the economy

Supply chain finance – a solution to support MSMEs and promote the economy

Capital, market, and management are three factors affecting business operation and development. In particular, the lack of working capital is one of the problems many business owners and leaders struggle to solve, causing more than 50 per cent of businesses to go under short after launching operations.
sustainability linked financing partnership established in vietnam and indonesia

Sustainability-linked financing partnership established in Vietnam and Indonesia

Citi, a US-headquartered leading financial behemoth, has announced its partnership with the International Finance Corporation and McCormick & Company, a global leader in flavour, to provide suppliers of McCormick’s herbs and spices with financial incentives linked to improvements in measures of social and environmental sustainability.
ifc provides 100 million loan to ocb to support smes and climate friendly projects

IFC provides $100 million loan to OCB to support SMEs and climate-friendly projects

To facilitate greater private sector contribution to green and sustainable growth in Vietnam, International Finance Corporation (IFC) will provide a $100 million long-term loan to Vietnamese lender Orient Commercial Joint Stock Bank (OCB) to expand lending to small- and medium-sized enterprises and boost financing, especially for climate-friendly projects in the country.
ifc invests 43 million in greenfeed vietnam through a seven year bond

IFC invests $43 million in GREENFEED Vietnam through a seven-year bond

To support the country’s growing livestock industry, IFC is helping GREENFEED Vietnam Corporation increase its pig breeding and farming capacity, which will help ensure a reliable supply of safe and quality pork while enhancing livestock production practices in Vietnam.
wind power fuels green growth in vietnam ifc

Wind power fuels green growth in Vietnam: IFC

With its 3,000km coastline and the flat river deltas of the Red River in the north and the Mekong in the deep south, Vietnam is especially vulnerable to erratic storms, typhoons, flash floods, rising sea levels and coastal erosion - but boasts great potential for wind power energy.
ifc promotes vietnams ppe production capacity for covid 19 fight

IFC promotes Vietnam’s PPE production capacity for COVID-19 fight

As the significant shortage of personal protective equipment (PPE) in many countries has impacted the containment of the COVID-19 pandemic over the past 18 months, IFC is supporting PPE manufacturers in developing nations including Vietnam to supply reliable and quality PPE products to protect frontline health workers and reduce community transmission.