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HSBC Vietnam partners with Trungnam group in renewable energy projects

HSBC Vietnam has signed a Letter of Intent (LoI) for evaluating and providing financing solutions with a focus on sustainability with the Trung Nam Construction Investment Corporation (Trungnam Group), one of the largest renewable energy developers in Vietnam, according to Saigon Giai Phong newspaper.
HSBC Vietnam partners with Trungnam group in renewable energy projects ảnh 1Illustrative image (Photo: VNA)

Hanoi (VNA) - HSBCVietnam has signed a Letter of Intent (LoI) forevaluating and providing financing solutions with a focus on sustainabilitywith the Trung Nam Construction Investment Corporation (Trungnam Group), one of the largest renewable energy developersin Vietnam, according to Saigon Giai Phong newspaper.

The LoI marks a further step by the bank in the execution of its commitment to arrange upto 12 billion USD of directand indirect sustainable financing for Vietnam and the corporate sector in theSoutheast Asian nation by 2030, it said.

According to the LoI, HSBC Vietnam will partner with Trung Nam Group toevaluate and provide sustainable financing solutions for the development of Trungnam Group’s renewable energy projects across Vietnam.

The bank will leverage on its global investment banking franchise, its longstanding presence in and understanding ofVietnam, its track record and expertise in sustainable finance, as well as its deepunderstanding of various investor pools to devise a suitable financing strategy for Trungnam Group. 

Thesupport includes the bank’s consultation and technical support so the group can accesscapital markets in Vietnam and internationally with a focus on sustainability./.

VNA
#HSBC Vietnam #Trungnam group #renewable energy developer #renewable energy projects #Vietnamplus #Vietnam news #Vietnam News Agency
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