IFC, HDBank cooperate to support SMEs Business

IFC, HDBank cooperate to support SMEs

The International Finance Corporation (IFC) will help the Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) to build a supply chain finance fund of 1 billion USD in the next three years as well as develop support industries and petroleum distribution.
IFC, HDBank in tie-up to help SMEs scale up finance, enter global supply chains Business

IFC, HDBank in tie-up to help SMEs scale up finance, enter global supply chains

The International Finance Corporation (IFC) and the Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) signed a memorandum of understanding on May 11 to become strategic partners for helping small and medium enterprises scale up finance and participate in global supply chains, including high-tech agricultural chains.
IFC supports development of Vinh Phuc ICD Logistics Centre Business

IFC supports development of Vinh Phuc ICD Logistics Centre

Vietnam’s T&T Group and Singapore’s YCH Group have inked a deal with the International Finance Corporation (IFC) on project development to attract capital funding for their inland container depot (ICD) logistics centre in northern Vinh Phuc province.
IFC raises trade finance limits to support firms amid COVID-19 Business

IFC raises trade finance limits to support firms amid COVID-19

The International Finance Corporation (IFC) announced it has increased trade finance limits for Vietnamese banks to improve their capacity to cover payment risks in granting trade financing to local companies affected by the outbreak of the novel coronavirus (COVID-19).
IFC, ADB pledge to continue support for Vietnam Business

IFC, ADB pledge to continue support for Vietnam

The International Finance Corporation (IFC) and the Asian Development Bank (ADB) pledged to provide further support for Vietnam while meeting with Politburo member and Chairman of the Party Central Committee’s Economic Commission Nguyen Van Binh in Hanoi on November 7.
Firms benefit from programme on efficient use of resources Business

Firms benefit from programme on efficient use of resources

The Vietnam Improvement Program has helped 82 garment-textile and footwear factories in Vietnam invest 37 million USD in efficient use of resources, thus saving 30 million USD per year, according to the International Finance Corporation (IFC).
IFC credit package boosts lending to Vietnamese SMEs Business

IFC credit package boosts lending to Vietnamese SMEs

The International Finance Corporation (IFC) – a sister organisation of the World Bank and member of the World Bank Group - and the Orient Commercial Bank (OCB) on March 27 signed a cooperation deal on a 100 million USD credit package and a consultancy programme to promote supply chain financing.
IFC, TPBank sign deal on 100 million USD loan Business

IFC, TPBank sign deal on 100 million USD loan

The International Finance Corporation (IFC) and Tien Phong Commercial Joint Stock Bank (TPBank) have inked a deal under which the IFC will provide a syndicated loan of 100 million USD to help TPBank extend long-term funding to mirco-, small- and medium-sized enterprises (MSMEs), and individual borrowers through digital delivery channels.
IFC to assist HCM City in building smart city Business

IFC to assist HCM City in building smart city

The International Finance Corporation (IFC) will help Ho Chi Minh City to build a smart city plan, IFC Vice President for Asia and Pacific Nena Stoiljkovic told Vice Chairman of the municipal People’s Committee Le Thanh Liem on April 12.