On March 18, the Asian Development Bank (ADB) announced that it has arranged and signed a sustainability-linked loan (SLL) worth 150 million USD with Vinschool Joint Stock Company, to develop the Vinschool school system, providing educational facilities for 20,400 students in urban areas in Hanoi, Ho Chi Minh City and Hung Yen.

Accordingly, the loan includes 40 million USD from ADB's capital, 35 million USD from the Asian Private Infrastructure Fund 2 (LEAP 2) managed by ADB and 75 million USD from co-financing loans.

Mr. Shantanu Chakraborty, ADB Country Director for Vietnam, shared that this project marks ADB's first private investment in the education sector in Vietnam, affirming ADB's commitment to promoting sustainable development in Vietnam.

“By supporting Vietnam’s first sustainability-linked loan in the education sector, we aim to enhance education infrastructure and contribute to the development of new urban centers in Vietnam,” said Mr. Shantanu Chakraborty.

Vinschool General Director Phan Ha Thuy said that this project will allow Vinschool to provide a high-quality education system to more students, while affirming Vinschool's commitment to environmental, social and governance standards, and the school's efforts in sustainable development.

LEAP 2 is an ADB-managed fund with a $1.5 billion commitment from the Japan International Cooperation Agency (JICA). The fund focuses on private sector sustainable infrastructure projects that reduce carbon emissions, improve energy efficiency, and provide affordable health care, education, and communication services to ADB’s developing member countries.

Founded in 2013, Vinschool is the largest private school system in Vietnam. It has more than 48,000 students from kindergarten to high school at 54 campuses in Hanoi, Ho Chi Minh City and 4 other provinces and cities, offering both the Vietnamese curriculum and the Cambridge bilingual curriculum.