US financer DFC lends VPBank to assist SMEs in capital access
VOV.VN - The US International Development Finance Corporation (DFC) will lend US$300 million to Vietnam Prosperity Joint Stock Commercial Bank (VPBank) to assist small and medium sized enterprises (SMEs) to access capital for production.
A financial arrangement document to this effect was signed in Hanoi on September 10 by representatives of DFC and VPBank. The signing ceremony was witnessed by Marc Knapper, ambassador of the United States to Vietnam, Scott Nathan, CEO of DFC, and Ngo Chi Dung, head of the Board of Directors of VPBank.
The US$300 million loan which is scheduled to mature over seven years is considered an important additional source to help VPBank strengthen its capital base.
The DFC loan will be used to assist SMEs, enterprises women-owned SMEs, and support green, sustainable projects in Vietnam, including those on climate change response and low carbon emission technology.
The signing of the capital arrangement document took place within the framework of US President Joe Biden’s State visit to Vietnam on September 10-11 at the invitation of Party General Secretary Nguyen Phu Trong.
