Business

Japanese banks to provide 300 million USD for Vietnam's renewable energy

Four Japanese banks - the Japan Bank for International Cooperation (JBIC), Mizuho Bank, Joyo Bank, and Shiga Bank - will co-finance a total of 300 million USD in credit lines to power producers using renewable energy in Vietnam to help the growing Southeast Asian country decarbonize, according to the Nikkei Asia.
Japanese banks to provide 300 million USD for Vietnam's renewable energy ảnh 1Illustrative photo. (Photo: baodautu.vn)
Tokyo (VNA) –Four Japanese banks - the Japan Bank for International Cooperation (JBIC),Mizuho Bank, Joyo Bank, and Shiga Bank - will co-finance a total of 300 millionUSD in credit lines to power producers using renewable energy in Vietnam to help the growing Southeast Asian country decarbonize, according to the Nikkei Asia.

The banks will providefunds through the Joint Stock Commercial Bank for Foreign Trade of Vietnam(Vietcombank) which will in turn provide subleasing loans, mainly to localbusinesses.

By indirectly utilizingVietcombank's credit information, the Japanese banks expect that high-riskloans can be provided swiftly, Nikkei Asia said.

In January, JBIC issueda joint statement related to the Vietnam Climate Finance Framework, which aimsto promote Vietnam's decarbonisation in partnership with US and Australiangovernment financial institutions and others. This co-financing by the fourJapanese banks is JBIC's first project under this framework.

Vietnam has set a goalof achieving net-zero carbon emissions by 2050. Expanding the introduction ofrenewable energy is considered a key to reaching the target./.

VNA
#Vietnam Plus #Vietnam News Agency #Vietcombank #Japanese banks #renewable energy #funding
Follow VietnamPlus

Related News

See more

Vietnamese Ambassador to Brazil Bui Van Nghi speaks at the seminar. (Photo: VNA)

Vietnam, Brazil seek ways to promote trade, investment cooperation

Vietnamese Ambassador to Brazil Bui Van Nghi informed that two-way trade reached 4.22 billion USD in the first six months of 2026, up 16.8% year-on-year. Brazil's exports to Vietnam exceeded 2 billion USD, rising 16.6%, while its imports from Vietnam totalled about 2.11 billion USD, an increase of 17%.

Wave Alpha, Honda Vietnam’s best-selling manual motorcycle model each month. (Photo: Bnews/VNA)

Honda Vietnam posts strong car sales growth, leads motorcycle market

The company sold 172,299 motorcycles in June, up 4.7% from the same month last year, highlighting steady consumer demand even as the market gradually shifts towards greener transport options. For the first six months of 2026, motorcycle sales reached 515,743 units, up 0.6% year-on-year.

Rice harvest in Xuan Giang commune, Ninh Binh province. (Photo: VNA)

Plan issued to develop agricultural logistics system

A key target is that by 2030, all concentrated agricultural, forestry and fisheries production areas will have access to essential services, including product traceability, quarantine, testing, quality certification, processing and market development. The move reflects growing international demand for stricter food safety, quality and traceability standards, which have become increasingly important for agricultural exports.

Delegates at the signing ceremony (Photo: VNA)

Vietnam, RoK boost micro-business cooperation

Vietnam's young population, dynamic market, and big growth potential are a perfect fit for the strengths that Korean micro-businesses bring in K-brands, technology, and service expertise, said KFME President Song Chi Young.

Cars at a public parking lot in Hai Phong city. (Photo: VNA)

Vietnam's auto sales rise 15%, hybrid, imported vehicles continue to outperform

With auto loan interest rates remaining competitive, stable vehicle supply, and an increasingly diverse product range, Vietnam's automotive market is expected to maintain its growth momentum through the remainder of 2026. SUVs, MPVs, and hybrid vehicles are likely to remain the main drivers of overall market sales.

The MoU signing ceremony between Becamex VSIP Binh Dinh and PV Gas CNG in Gia Lai province on June 26, 2026 (Photo: nhandan.vn)

Gia Lai positions itself as magnet for sustainable investment

Vice Chairman of the provincial People's Committee Nguyen Huu Que said ESG is no longer a communications message or a cost burden, but an essential requirement for accessing global capital. Gia Lai has chosen ESG as a pillar for building new competitive advantages and achieving sustainable development.

Chairman of the Tay Ninh provincial People's Committee Le Van Han delivers remarks at the inauguration ceremony. (Photo: VNA)

Suntory PepsiCo inaugurates 300-million-USD plant in southern Tay Ninh province

Built on nearly 20 hectares at Huu Thanh Industrial Park, the facility is the company's largest and most advanced plant in Vietnam and the biggest production site in Suntory PepsiCo's Asian manufacturing network. The factory has a designed annual production capacity of over 1.24 billion litres and is equipped with highly automated production, filling and warehousing systems.

Ho Chi Minh City inaugurates a UAV postal route linking Can Gio commune and Vung Tau ward on February 12, 2026. (Photo: VNA)

Ho Chi Minh City promotes UAV applications to develop low-altitude economy

With its enlarged development space, Ho Chi Minh City now combines strengths in urban development, industry and services with high-tech agriculture, the marine economy, logistics and diverse ecological areas. These conditions provide an ideal testing ground for UAV applications in urban management, land administration, environmental monitoring, disaster prevention and response, agriculture, logistics and public services.