Hanoi (VNA) – The Asian Development Bank (ADB) has signed a 37.8 million-USD loan deal with TTC Energy Development Investment JSC (TTC Energy) to provide long-term financing to develop and operate a 50-MW photovoltaic solar power plant in the southern province of Tay Ninh. TTC Energy, established in 2017, is 90 percent owned by the Gulf Energy Development Public Company (GED) – a leading private power generation company that has the largest portfolio of gas-fired power projects in Thailand. The project will develop and operate the 50 MW solar power plant and its associated facilities in Tay Ninh, which is about 50 kilometers northwest of Ho Chi Minh City. The solar power plant will directly serve the electricity demand of residents and businesses of Ho Chi Minh City and surrounding areas. It will reduce annual carbon dioxide emissions by 29,760 tonnes annually when operational in 2020. The Government of Vietnam plans to increase the share of renewable energy … [Read more...] about ADB provides loan for 50MW solar power plant in Tay Ninh
Federal bank net banking
Unlock long-term financing for solar power in Vietnam
The ADB loan deal will provide about $30 million to the Golf Solar Power Project The Asian Development Bank's (ADB) assistance for the Gulf Solar Power Project was provided through an innovative project financing structure which ensured the bankability of the project. It will help catalyse commercial financing for one of the first large-scale solar power project financing transactions in the country. The loan is composed of an $11.3 million A loan and a B loan of up to $18.9 million. … [Read more...] about Unlock long-term financing for solar power in Vietnam
Why Vietnamese students end up working illegally in South Korea
Due to the high incomes they can earn, many people choose to overstay their visa. Tung for instance earns $2,500-4,000 a month, 10 times the average monthly income of workers in Vietnam. With his high school certificate, Tung cannot dream of earning so much in Vietnam where the salary of new college graduates is around $250. … [Read more...] about Why Vietnamese students end up working illegally in South Korea
With new barrier, real estate credit expected to flow more slowly
The new real estate mission for tech groups old and new Proptech in Vietnam is developing and expanding on the back of strong momentum in the Vietnamese real estate market, due to its benefits in improving accuracy and speed, as well as cost savings and convenience. … [Read more...] about With new barrier, real estate credit expected to flow more slowly
