Vietnam needs to drastically raise measures to promote the development of circular economy in order to take up opportunities for accelerating socio-economic growth and promoting sustainable development.
BCG Energy, a member of Bamboo Capital Vietnam, has freshly signed a cooperation agreement with SK ecoplant, one of the Republic of Korea's leading investors in renewable energy, to build a solar and wind power plant with a capacity of 700 MW in Vietnam.
Vietnam attracted foreign direct investment of 106.8 billion USD into its renewable energy sector during the 2015-2022 period, ranking it 2nd among developing economies around the world.
Four Japanese banks - the Japan Bank for International Cooperation (JBIC), Mizuho Bank, Joyo Bank, and Shiga Bank - will co-finance a total of 300 million USD in credit lines to power producers using renewable energy in Vietnam to help the growing Southeast Asian country decarbonize, according to the Nikkei Asia.