IFC would help Vietnam build back a better and greener industry, rejuvenating the private sector and consolidating future resilience. (Photo: tinnhanhchungkhoan.vn)
Hanoi (VNS/VNA) - The International Finance Corporation (IFC) is committedto supporting Vietnam to leverage more private sector investment to meet itsclimate goals.
The remarkwas made by Alfonso Garcia Mora, IFC’s Regional Vice President for the AsiaPacific, during his five-day visit to the country.
TheVice President said IFC would help Vietnam build back a better and greenerindustry, rejuvenating the private sector and consolidating future resilience.
“Vietnamhas set ambitious twin goals to become a high-income country by 2045 andachieve carbon-neutral status by 2050. With COVID-19 already depleting publicresources, the private sector can play a key role in the country’s transition toa low-carbon growth model if the conditions are right and policies are inplace,” he said.
Duringhis visit, Garcia Mora will meet with senior government officials to discussways to help Vietnam sustain rapid growth amid the pandemic and reach the nextlevel of development by 2045.
TheVice President will also talk with business representatives to gain aninsight into the challenges facing the private sector and how IFC can promote adynamic, competitive and innovative private sector to accelerate Vietnam’seconomic transformation.
GarciaMora has been accompanied by Thomas Jacobs, who earlier this month wasappointed IFC’s new Country Manager for the Mekong region covering Vietnam,Cambodia and Lao PDR.
Activein Vietnam for more than 20 years, IFC has been a key partner in thedevelopment journey of the country and its private sector, pouring 13.3 billionUSD into more than 190 projects since its first in-country investment in 1994.
Asof June 30, 2021, IFC’s committed portfolio in Vietnam hit nearly 1.9 billion USD.
Accordingto the corporation, Vietnam’s climate-smart business investment potential willtop 753 billion USD by 2030 as the country transitions to a climate-resilientand low-carbon economy./.
The International Finance Corporation (IFC) has provided a 100 million USD long-term loan for the Orient Commercial Joint Stock Bank (OCB) to increase the private sector’s contributions to green and sustainable growth in Vietnam.
The International Finance Corporation (IFC) has committed 30 million USD to the construction of a waste-to-energy plant in the northern province of Bac Ninh as part of support for Vietnam to help it reach net-zero carbon emissions by 2050.
After four months, the International Finance Corporation (IFC) and international lenders increased the loan package granted to Southeast Asia Commercial Joint Stock Bank (SeABank), from 150 million USD to 220 million USD in order to maintain the cooperation with SeABank in re-financing SMEs, women-owned businesses and the climate.
Vietnam’s T&T Group and Singapore’s YCH Group have inked a deal with the International Finance Corporation (IFC) on project development to attract capital funding for their inland container depot (ICD) logistics centre in northern Vinh Phuc province.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
IFC would help Vietnam build back a better and greener industry, rejuvenating the private sector and consolidating future resilience. (Photo: tinnhanhchungkhoan.vn) 
