Business

TPBank secures 120 million USD long-term loan from JICA

The Japan International Cooperation Agency (JICA) officially signed a loan agreement with the Tien Phong Commercial Joint Stock Bank (TPBank) under the Private Sector Investment Finance (PSIF) project on January 14.

TPBank secures 120 million USD loan from JICA. (Photo courtesy of JICA)
TPBank secures 120 million USD loan from JICA. (Photo courtesy of JICA)

Hanoi (VNS/VNA) - The Japan International Cooperation Agency (JICA) officially signed a loan agreement with the Tien Phong Commercial Joint Stock Bank (TPBank) under the Private Sector Investment Finance (PSIF) project on January 14.

This initiative, co-financed by the US International Development Finance Corporation (DFC), aims to enhance financial inclusion through digital banking in Vietnam, with a total loan value of 120 million USD.

The project seeks to improve financial access for micro, small and medium-sized enterprises (MSMEs) and low-income individuals in Vietnam by providing loans to TPBank, a domestic commercial bank, to expand financial accessibility for these groups.

The loan will enable TPBank to extend credit to MSMEs and low-income individuals. Notably, at least 30% of the loan value from JICA will be allocated to MSMEs through TPBank's digital banking channels. Additionally, at least 30% will be directed to MSMEs owned by women or to female customers in low-income groups.

This project aligns with the UN's Sustainable Development Goals 8, 9 and 17, which focus on economic growth, industry, innovation and infrastructure, as well as partnerships.

The initiative is part of the Financial Access for Inclusive Finance mechanism established in May 2023, underscoring efforts to drive sustainable and inclusive economic development in Vietnam./.

VNA
#TPBank 120 million USD long-term loan from JICA #Private Sector Investment Finance Japan Vietnam
Follow VietnamPlus

Related News

JICA helps Vietnamese farm produce reach Japanese market

JICA helps Vietnamese farm produce reach Japanese market

The Japan International Cooperation Agency (JICA) in Vietnam is stepping up activities and projects as part of its agricultural cooperation programmes with the Vietnam Agricultural Extension, JICA Deputy Chief Representative Kubo Yoshitomo has said.
JICA disburses 75 mln in ODA for Vietnam in a year: Official

JICA disburses 75 mln in ODA for Vietnam in a year: Official

The Japan International Cooperation Agency (JICA) Vietnam has disbursed some 10.8 billion JPY (75 million USD) worth of ODA in Vietnam, exclusive of funding for the private sector, between April 2021 and March 2022, according to Chief Representative Shimizu Akira.
Flooding at the intersection of Ba Trieu and Tran Nhan Tong streets in Hai Ba Trung district, Hanoi. (Photo: VNA)

JICA expert recommends urban flood prevention policies for Vietnam

To effectively prevent urban flooding, Vietnam needs to develop a comprehensive long-term drainage plan, medium-term implementation strategies, and efficient infrastructure management, according to Norihide Tamoto, an expert of the Japan International Cooperation Agency (JICA).

See more

Phu Quoc pepper products, granted three stars under the OCOP programme in An Giang province, are displayed at an exhibition of outstanding OCOP products from the Mekong Delta. (Photo: VNA)

Phu Quoc leverages OCOP programme to take local specialities global

Better known as one of Vietnam’s premier island destinations, Phu Quoc is leveraging its “One Commune, One Product” (OCOP) programme to transform traditional specialities into internationally recognised products, integrating local agriculture, food processing and tourism to promote sustainable economic growth.

Production at an FDI enterprise in Tay Ninh province. (Photo: VNA)

FTA Index 2025 to be unveiled later this month

The index is designed to provide valuable information not only for State management agencies but also as an important reference for businesses, foreign investors, and industry associations in planning investment and business activities in Vietnam.

Air Premia, a carrier of the Republic of Korea, will resume flights between Incheon and Ho Chi Minh City from November 5. (Photo: The Courtesy of Air Premia)

Air Premia to resume Incheon–Ho Chi Minh City route from November

Flights will depart Incheon International Airport at 6:40 pm (RoK time) and arrive at Tan Son Nhat International Airport in Ho Chi Minh City at 11 pm (Vietnam time). Return flights will leave Ho Chi Minh City at 12:30 am on Mondays, Tuesdays, Thursdays, Fridays and Sundays, landing in Incheon at 7:40 am.

Production at Viet Hai High-Tech Structure Production Company Limited in Vung Ang Economic Zone. Ha Tinh province aims to develop Vung Ang Economic Zone into a regional centre for industry, energy, seaports and logistics (Photo: VNA)

Revised master plan of Vung Ang EZ approved

The adjustment aims to create a more rational development framework to maximise the zone’s potential and advantages while providing a legal foundation for construction management and ensuring sustainable development.

Illustrative image (Photo: VNA)

Vietnam looks to domestic market to sustain wood industry growth

Vietnam’s wood sector has long been a top foreign-currency earner. Exports of wood and wooden products neared 17.3 billion USD in 2025, reaching more than 160 countries and territories and clearing the high bars set by the US, the European Union and Japan.

Delegates at the event (Photo: VNA)

Vietnam remains key market for Polish food producers

The campaign promotes selected European Union agricultural and food products, including fresh, chilled and frozen beef and pork, fresh apples, apple juice and dried apples, targeting consumers, importers, distributors, retailers and the hospitality sector.

Wei Xiaoli, a representative of Shandong Jindafeng Machinery Co., Ltd., in an interview granted to the Vietnam News Agency. (Photo: VNA)

Chinese firms see strong potential for agricultural mechanisation cooperation with Vietnam

Business representatives said mechanisation not only helps reduce reliance on manual labour but also improves production efficiency, shortens planting and harvesting times, reduces post-harvest losses and enhances the quality of agricultural products. For rice-producing countries like Vietnam, they noted, accelerating mechanisation is an inevitable trend to strengthen the competitiveness of the agricultural sector.

Community-led fisheries groups have become frontline defenders of coastal fisheries. (Photo: VNA)

Community-led fisheries groups strengthen IUU fight in Ha Tinh

With a long coastline and abundant inshore fishing grounds, Ha Tinh has long identified the marine economy as a key growth driver. However, growing fishing pressure and destructive practices have posed major management challenges. Community-led self-management initiatives are now providing an effective solution.

At the VIFC-HCMC (Photo: VNA)

700 bln USD for net zero: Vietnam bets on VIFC

Assoc. Prof. Dr. Nguyen Huu Huan, Vice Chairman of the Executive Board of VIFC-HCMC, said the VIFC will focus on building market infrastructure needed to bridge the gap between big investment pledges and bankable projects.

A view of the launch ceremony for the expanded Vietnam–China cross-border QR payment service. (Photo: NAPAS)

Over 1 billion Weixin Pay users can make QR code payments in Vietnam

NAPAS, Weixin Pay, and BIDV will study the rollout of the reverse payment service, enabling users of Vietnamese banking applications and e-wallets to make QR code payments in China, with the aim of completing a comprehensive cross-border payment ecosystem between the two countries.

Vietnam cuts retail fuel prices on August 6. (Photo: VNA)

Vietnam cuts retail fuel prices on August 6

The maximum retail price of E5RON92 biofuel was reduced by 1,160 VND to 21,728 VND (0.83 USD) per litre, while that of E10RON95-III fell by 1,035 VND to 22,324 VND per litre.

Production of electronic components at Star Engineers Vietnam Co. Ltd. in Binh Xuyen I Industrial Park in Phu Tho province. (Photo: VNA)

Vietnam targets higher-quality FDI under Resolution 10

During the first seven months of 2026, Vietnam attracted more than 38 billion USD in registered FDI, up nearly 58% year-on-year. More importantly, the increase was driven by large-scale, high-tech projects rather than a surge in the number of new investments, signalling a significant improvement in the quality of capital inflows.