Update news IFC

PM calls on WB, IFC to support Vietnam’s large-scale infrastructure projects

PM Pham Minh Chinh received WB Regional Vice President for East Asia and Pacific Manuela V. Ferro, IFC Regional Vice President for Asia and the Pacific Riccardo Puliti, and IFC Vice President and Treasurer John Gandolfo in Hanoi yesterday..

VN needs to improve regulatory framework to increase green financing

At COP26 in November 2021, VN announced the target to achieve net-zero emissions by 2050, phase out coal power by 2040, and reduce methane emissions by 30 per cent from 2020 levels by 2030.

IFC: Climate investment opportunities in Vietnam to amount to $757bil. by 2030

The International Finance Corporation (IFC) estimates that Vietnam's climate investment opportunities will reach up to 757 billion USD by 2030, focusing on renewable energy, green construction, energy efficiency and transportation.

IFC pledges nearly US$1.9 billion of investment in Vietnam

The International Finance Corporation (IFC) has pledged nearly US$1.9 billion of investment in new projects in Vietnam in the fiscal year 2023, with US$520 million earmarked for long-term investment.

IFC plans to pour 320 million USD into three Vietnamese banks

The International Finance Corporation (IFC), a member of the World Bank Group, has proposed a total investment of 320 million USD in three Vietnamese banks, reported the Nikkei Asia.

Vietnamese bank gets 150 million USD loan from IFC

The Vietnam International Bank (VIB) has just completed the procedures for the disbursement of a 150 million USD loan from the International Finance Corporation (IFC), a member of the World Bank Group.

IFC helps boost green credit in Vietnam

The International Finance Corporation (IFC) has provided a 100 million USD long-term loan for the Orient Commercial Joint Stock Bank (OCB) to increase the private sector’s contributions to green and sustainable growth in Vietnam.

Global finance centre reboot on the cards

After long delays, Vietnam will begin implementing a plan to establish an international financial centre as a core pillar of contemporary global finance, thus putting the country’s profile onto the map.

IFC supports Vietnam's exports of high quality fruits

The IFC, a member of the World Bank Group, has signed a memorandum of understanding with the Plant Protection Department to support efforts to expand export markets for Vietnam's high quality fruits.

IFC investor group no longer VietinBank’s major shareholder

The International Finance Corporation (IFC) investor group is now no longer a major shareholder of the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), after selling more than 55.7 million shares of the bank.

IFC divests stake at Vietnam’s state-run Vietinbank

The International Finance Corporation (IFC) remains a major shareholder of Vietinbank with a nearly 6.5% stake.

Vietnam strives for sustainable textile & garment industry

The textile and garment industry is the second biggest polluting industry. Textile factories are the most energy-intensive in the world, consuming 1/10 of the total electricity used by industries in Vietnam.

PM hosts CEO of International Finance Corporation

Prime Minister Nguyen Xuan Phuc received Philippe Le Houerou, CEO of the International Finance Corporation (IFC) – a member of the World Bank (WB) Group, in Hanoi on August 15.

Hanoi’s smart city project sparks doubts

Four investors from Vietnam and Japan have asked for Hanoi authorities’ permission to develop a smart city capitalized at $4 billion.

Vietnamese economists concerned over bond issuance plan

VietNamNet Bridge - Issuing international bonds means borrowing foreign capital at high interest rates. If capital cannot be used effectively, this will increase the public debt burden.

IFC considers issuing dong-linked international bonds

VietNamNet Bridge - IFC (the International Finance Corporation) has put forward a plan to issue dong-linked international bonds which will be transacted in US dollars in the international market.

IFC commits to Vietnam by buying into TPBank

World Bank Group member IFC now owns some 5 per cent of Tien Phong Bank’s stakes, to further assist the lender in expanding its loan services to better serve growing Vietnamese businesses.

The different fates of enterprises after M&A deals

VietNamNet Bridge - Some businesses have regained their strength after merger and acquisition (M&A) deals because foreign capital was pumped into the companies in a timely manner. Meanwhile, many others still are experiencing tough days.


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