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Economic News

Last updated: Friday, August 18, 2017

 

World Bank Helps Vietnam Improve Energy Efficiency in Industrial Sector

Posted: Saturday, April 22, 2017

The World Bank’s Board of Executive Directors has approved a US$102 million loan to the Government of Vietnam to support the effort of industrial enterprises to adopt energy-efficiency technologies and practices.
 
Under this project, industrial enterprises can access a new line of credit to fund their purchases of energy-efficiency and production-optimisation technologies, thus reducing energy consumption and production costs and increasing their overall competitiveness in both domestic and international markets.
 
With the support of the project, financial institutions and industrial enterprises will be able to prepare, evaluate and appraise energy efficiency projects. This will create a new line of business for financing institutions, providing loans to support industrial energy-efficiency investments, which will enable them to scale up energy-efficiency lending to industries.
 
Funding under this project will be provided to participating financial institutions, which will then lend to industrial enterprises to invest in energy-efficient subprojects.
 
L.A








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