Government-backed development banks of Japan, China and the Republic of Korea (RoK) have signed an agreement with public and private financial institutions in Southeast Asia to meet growing demand for infrastructure projects in the fast-growing region.
A recent survey of the Japan Bank for International Cooperation (JBIC) has found that 36.4 percent of Japanese businesses operating overseasviewed Vietnam as a promising investment destination, up 2.5 percent from 2018.
The Japan Bank for International Cooperation (JBIC) is interested in investment plans for energy projects of the Vietnam Electricity (EVN) and Vietnam Oil and Gas Group (PVN), unveiled Kazuhisa Yumikura, Managing Executive Officer and Global Head of Infrastructure and Environment Finance Group at JBIC.
The Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and the Japan Bank for International Cooperation (JBIC) exchanged a credit contract worth 200 million USD to fund renewable energy projects in Vietnam.
Vietnam welcomes and will create optimal conditions for the Japan Bank for International Cooperation (JBIC) and businesses from Japan to operate and take part in key projects on energy, industry, transport and infrastructure, a senior Vietnamese official has said.
Vietnam wants to receive support from the Japan Bank for International Cooperation (JBIC) in the developing power projects, Prime Minister Nguyen Xuan Phuc has said.
The Thai Eastern Economic Corridor (EEC) Office is scheduled to sign a Memorandum of Understanding (MoU) with the China Development Bank (CDB) and the Japan Bank for International Cooperation (JBIC) for financial support of investment projects next week, according to Thailand’s media.
Malaysia has successfully issued bonds worth 200 billion yen (1.8 billion USD), the first samurai bonds in 30 years and the largest sovereign bonds to be guaranteed by the Japan Bank for International Cooperation, the Finance Ministry said on March 8.
The Vietnamese Government will continue to create a favourable business environment to encourage foreign investors, including those from Japan, to do long-term business in Vietnam, said Deputy Prime Minister Trinh Dinh Dung.
The Japan Bank for International Cooperation (JBIC) is considering funding the Block B&52/97 project of the Vietnam Oil and Gas Group (PetrolVietnam) using loans without a government guarantee.
A survey report by the Japan Bank for International Cooperation (JBIC) has revealed that Vietnam ranks among the top five countries preferred by Japanese firms for overseas business operations.
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