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Japanese banks to provide $300m for Vietnam's renewable energy

Vietcombank gets co-financing from JBIC, Mizuho, Joyo, Shiga for power suppliers

Japanese banks will provide funds for renewable energy through Vietcombank, the nation's major bank, which will in turn provide subleasing loans, mainly to local businesses.    © Reuters

HANOI -- Four Japanese banks will co-finance a total of $300 million in credit lines to power producers using renewable energy in Vietnam to help the growing Southeast Asian country decarbonize.

The Japan Bank for International Cooperation (JBIC), Mizuho Bank, Joyo Bank and Shiga Bank will provide funds through Vietcombank, the nation's major bank.

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