In a groundbreaking move to strengthen Viet Nam’s education sector, the Asian Development Bank (ADB) has led and signed a $150 million syndicated sustainability-linked loan with Vinschool Joint Stock Company. This landmark transaction marks ADB’s first private sector investment in Viet Nam’s education sector and the country’s first sustainability-linked loan in education. The financing will facilitate the expansion of the Vinschool education system, creating modern educational facilities for 20,400 students across Hanoi, Ho Chi Minh City (HCMC), and Hung Yen.
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