📋 Tender Overview
Project Name
Vinschool Sustainable Education Project
Project Number
58127-001
Borrower / Company
Vinschool Joint Stock Company
Country / Economy
Viet Nam
Location
Nation-wide
Type or Modality of Assistance
Approval Number Facility Fund Source Amount Status
4583 Loan Ordinary capital resources USD 45.00 million Committed
8496 Loan Leading Asia's Private Sector Infrastructure Fund 2 USD 35.00 million Committed
Sector / Subsector
Education / Education sector development
Gender
Effective gender mainstreaming
Project Sponsor(s)
Description
The project supports Vinschool in the construction of nine new campuses and the purchase of three existing campuses from the affiliated entities. Those campuses are located in the suburban districts of Hanoi, Ho Chi Minh City and Hung Yen province.
Objectives and Scope
The project improves access to quality education in the suburban districts of Hanoi, Ho Chi Minh City, and Hung Yen province, thereby contributing to the development of social infrastructure in new residential hubs outside the traditional congested urban centers. This loan will be the first Sustainability Linked Loan (SLL) for the education sector in Vietnam. Additionally, Vinschool has committed to obtain the EDGE Level 1 green building certification for one of the new campuses under the project financing. The SLL and the green building certification are expected to have demonstration effect to other schools in Vietnam.
Linkage to Country/Regional Strategy
The project aligns with ADB's - 2023-2026 Country Partnership Strategy for Vietnam in terms of (i) harnessing the private sector and promoting social equity and (ii) promoting climate resilient infrastructure. The project is an extension of ADB's long-standing assistance to Viet Nam in the education sector.
