The 5 reasons the Vung Ang 2 coal power plant is a financial and environmental disaster

August 7, 2020 – By Market Forces: Vung Ang 2 is a controversial  2 x 600MW coal-fired power station planned in Central Vietnam. The three major Japanese banks, Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Financial Group (SMFG), Mizuho Financial Group as well as Japan’s export credit bank, Japan Bank for International Cooperation (JBIC), are currently…