World Bank lends US$102m to Vietnam for energy efficiency projects

Firms will be supported to adopt energy-efficient practices.

The World Bank in Vietnam announced that the bank’s board of executive directors had approved a US$102 million loan to the Vietnamese Government to support enterprises in adopting energy-efficiency technologies and practices, according to Viet Nam News.

Under this project, industrial enterprises can access new credit to fund their purchases of energy efficiency and production-optimisation technologies, thus reducing energy consumption and production costs and increasing overall competitiveness in the domestic and international markets.

"With support of the project, financial institutions and enterprises will be able to prepare, evaluate and appraise energy efficiency projects. Financial institutions can provide loans to support industrial energy efficiency investments, which will enable them to scale up energy efficiency lending to industries," Viet Nam News said.

Also Read

ADB grants $15m to boost Tajikistan’s grid upgrade

Eco Wave enters Asian market with onshore wave project in Taiwan

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit