The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank established by over 50 founding member countries within and beyond the Asia-Pacific region. With a focus on supporting infrastructure development and promoting sustainable economic growth in the region, the AIIB targets key investment areas such as energy, transportation, and clean water. As one of the founding members of the AIIB in the region and a country with a long coastline and great potential for blue economy development, Vietnam is a promising investment destination that aligns with the organization’s objectives.
AIIB’s $75 million investment in SeABank’s blue and green bond program will help the bank strengthen its capital base to expand financing for sustainable economic activities related to the sea and water, as well as grow its green assets, including green buildings, renewable energy, and energy efficiency.
“Vietnam’s Nationally Determined Contribution (NDC) plan has emphasized the important role of mobilizing resources from financial and credit institutions to support the realization of its ambitions for climate change mitigation and adaptation. AIIB is delighted to partner with IFC and SeABank in this innovative investment program, complementing ongoing initiatives to reduce greenhouse gas emissions and contribute to the development of the themed capital market,” said Gregory Liu, Vice President and Chief Investment Officer for Funds and Special Operations, AIIB. “We hope to see more themed bonds issued by other Vietnamese financial institutions in the future.”
According to Ms. Le Thu Thuy, Vice Chairwoman of the Board of Directors of SeABank, the issuance of green bonds, including Vietnam’s first blue bond and the first green bond by a domestic private commercial bank, is one of SeABank’s priority activities in the current period, demonstrating the bank’s commitment to sustainable development. The collaboration with financial institutions like AIIB and IFC is expected to help consolidate capital sources to support SeABank in promoting green credit and strongly implementing sustainable strategies associated with the blue economy.
“Prosecution of government officials, land registration officers, and tax department employees in the largest bribery case ever”
The Thanh Hoa Police Investigative Agency has initiated legal proceedings against 23 individuals involved in the crimes of “Bribery” and “Receiving bribes”. This is the largest bribery case in terms of the number of suspects ever discovered and apprehended by the Thanh Hoa Police.
Mobile World achieves revenue of VND118,000 trillion: TVs, tablets, and phones all decrease by 10% – 50%, while one product grows in both quantity and revenue.
Mobile World Investment Corporation (MWG) has recently announced its 2023 business results. According to the report, the company’s consolidated revenue reached over 118 trillion Vietnamese dong, equivalent to 89% of the revenue in 2022.
Vietnam’s Irresistible ‘Specialty’ That China Desperately Wants to Revive: Highly Popular from the US to Asia, Bringing in Millions of Dollars
Vietnam is one of the largest exporting countries in the world, along with China and the Philippines.
