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Green bonds – effective tool for Vietnam to achieve SDGs

Thursday, 20:00, 15/04/2021
Green, social, and sustainability bonds are considered effective tools for Vietnam to raise capital from the private sector for projects with environmental and social benefits, thus supporting the country’s realisation of Sustainable Development Goals (SDGs) and the Paris Agreement 2015.
Installing solar rooftop for a household in the central province of Binh Dinh s Quy Nhon city. Green bonds are meant to raising private sector finance for projects with environmental and social benefits, supporting the Sustainable Development Goals.
The statement was made by Vu Chi Dung, director of the International Cooperation Department of the State Securities Commission (SSC), at the launch of the Handbook How-to Issue Guide for Green Bonds, Social Bonds and Sustainability Bonds , held by the SSC early this week. ....

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SECO AND BMZ support capacity building in Ghanaian cashew sector

SECO AND BMZ support capacity building in Ghanaian cashew sector
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Rural Communities in Tajikistan to Gain Greater Access to Electricity, with World Bank Support

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Washington: The World Bank approved today Additional Financing of $10 million for the Tajikistan Rural Electrification Project, which aims to: 1) provide electricity access for residents in remote, mountainous areas of southern Tajikistan; and 2) support efforts to export electricity to neighboring communities in North-Eastern Afghanistan. The financing is provided as a grant from the International Development Association (IDA).
“This strategic investment supports efforts to connect households in some of the poorest and most remote areas of Tajikistan to electricity, thereby providing them with opportunities to engage in economic activities, strengthen human capital, and reduce fragility risks along the border with Afghanistan,” said Jan-Peter Olters, World Bank Country Manager for Tajikistan. “This objective is supported further by the ability to connect the local electricity grid with that of neighboring communities in Afghanistan and strengthen socio-economi ....

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ENABLING PRIVATE CAPITAL TO UNLOCK VIETNAM'S SMALL HYDROPOWER POTENTIAL

Challenge
At the time this project was approved in 2008, the Government of Vietnam planned to diversify the energy mix with a new emphasis on renewable sources. This was to keep up with the double-digit growth in electricity consumption from the previous decade a trend that was (correctly) forecasted to continue. Small hydropower plants emerged as a viable choice because of the abundance of economically viable sources and a shorter and simpler development process. In addition, unlike wind and solar, hydropower could contribute to peak capacity requirements.
The main regulatory barriers to renewable energy development were: (i) the absence of competitive power purchase agreement structures; (ii) an opaque and circuitous regulatory framework with lengthy approval process and no effective mechanism of allocating project sites to those most able to develop them; (iii) developer s lack of experience in building and operating renewable assets; and (iv) banks lack of interest an ....

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Ongoing strategies

Ongoing strategies
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