IFC, a member of the World Bank Group, is providing a financing package of $212.5 million to Vietnam Prosperity Joint Stock Commercial Bank. The funding will help VPBank expand its lending to small and medium enterprises (SMEs) and boost financing especially for climate-friendly projects. Concerning greenhouse-gas emissions, Vietnam’s is one of the most carbon intensive countries in the world, ranking only after China and Mongolia in the East Asia and Pacific region. While reducing greenhouse-gas emissions has been a national target to mitigate climate change impact, it presents a $753…
Read MoreIFC Supports Vietnam Prosperity Bank to Boost Climate Financing, Reduce Greenhouse Gas Emissions
