ADB provides $116mn loan to develop wind farms in Vietnam
The projects are expected to increase Vietnam’s wind power capacity by 30 percent
The projects are expected to increase Vietnam’s wind power capacity by 30 percent
The debt financing is part of ADB’s $20 billion assistance announced on April 13
The US$390 million amount was part of a $540 million loan given by the ADB for the project
The 0.1 percentage point adjustment, though small, could be a sign of good things to come for Vietnam’s already burgeoning economy
The Southeast Asian country logged a GDP growth rate of 7.08 percent last year
The loan will also help enhance traffic connectivity among northwestern provinces
The loan makes ADB the first development finance institution to provide long-term lending to BIDV
ADB’s assistance is composed of a US$100 million concessional loan and a $300,000 grant from the Climate Change Fund
Vietnam has an open economy that is heavily reliant on exports, while the U.S. and China are among its biggest trade partners
Anh Dung Kieu bagged the US$500 prize for his photo depicting early morning trading at a Soc Trang floating market