ADB’s assistance to Viet Nam focuses on supporting economic recovery from the COVID-19 pandemic and creating a climate resilient and sustainable economy driven by the private sector.
ADB and Monsoon Wind Power Company Limited signed a $682.55 million nonrecourse project financing package to build a 600-megawatt wind power plant in Sekong and Attapeu provinces in the southern region of the Lao People’s Democratic Republic.
Climate change is an existential threat, but it also represents a massive opportunity for Southeast Asia to pursue low-carbon economic growth.
Private sector capital needs to be mobilized to bridge the climate financing gap. This requires new innovative approaches to attract private sector investment in green projects.
ADB is deploying nature-based solutions to help developing member countries address climate change risks while protecting the environment and ensuring benefits for people.