WB sponsors $102 million to help Vietnam save energy
Updated at Tuesday, 18 Apr 2017, 17:12
The Hanoitimes - Information from the World Bank (WB) on April 17 said that the Executive Board approved a $102 million loan to the Vietnamese government.
Accordingly, Vietnam's industrial enterprises may have access to a new credit package to purchase technologies that optimize production and energy efficiency, reduce energy consumption and production costs, increase competitiveness in the domestic market and in the world market.
Funds from this project will be distributed to participating financial institutions and then disbursed to industrial companies for investment in energy efficiency projects.
With the support of this project, financial institutions and industrial companies will be able to prepare and evaluate energy saving projects. This will create a new business direction for financial institutions and provide loans to support energy-saving investments.
By Nguyen Anh - Tuan Minh