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Vietcombank and The Japan Bank for International Cooperation (JBIC) will co-finance $300 million worth of renewable energy projects in Vietnam.
JBIC will cover a USD-165-million portion of the overall amount, while Vietcombank will provide a guarantee for an unspecified portion that will be co-financed by Mizuho Bank Ltd, Joyo Bank Ltd, and Shiga Bank Ltd.
Vietnam, which hopes to achieve net zero emissions by 2050, has installed a renewable generation capacity that is expected to reach 72.2 GW in 2030, almost half of its total power capacity, which is projected to stand at 156.4 GW in that year.
