A guide to project financing in Vietnam

Author: | Published: 8 Jul 2019

Vietnamese project financing is maturing, backed by a series of renewable energy initiatives, a new (pending) PPP regime and the financial closure of a string of benchmark BOT projects. Mark Anthony Fraser and Stefano Pellegrino of Frasers Law Company take a look

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In 2018-19 the project finance market in Vietnam entered into a new phase, with some major projects reaching financial close and entering into the development and construction stage, and with a solid pipeline of new infrastructure and energy projects at negotiation stage. Most project financing structures still tend to be led by the multilateral agencies, with a heavy focus in the energy sector.

There are no official statistics on the composition of the market in terms of the types of active lending institutions for projects in Vietnam. Major foreign institutions such as the Japan Bank for International Cooperation (JBIC) and the Export-Import Bank of Korea...