Release date: 30 September 2008
Promoter – Financial Intermediary
The Socialist Republic of Vietnam, represented by the Ministry of Finance, for on-lending to selected state-owned banks.
Location
Description
Framework Loan, mainly to support investments in renewable energy and energy efficiency; it could also be used to finance projects that support the EU presence in Vietnam through Foreign Direct Investment, transfer of technology and know-how from Europe.
Objectives
This Framework Loan will focus on supporting projects that contribute to climate change mitigation or adaptation, in particular projects promoting the use of renewable energy resources and energy efficiency. The proposed operation could also be used, to a lesser extent, to finance projects that support EU presence in Vietnam.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 100 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The key objective of this operation is to improve the global environment by supporting projects that help to mitigate climate change. Most individual schemes to be financed will be small and are expected to have limited negative environmental impacts. All investment schemes will be required to meet the relevant national and EU environmental standards, including due consideration for protection of sites of nature conservation, as well as the social safeguards of the Bank.
Procurement
Procurement will be undertaken in accordance with the Bank’s Procurement Guidelines.
Status
Signed - 26/05/2009