Vietnam carmaker VinFast to get $500 mln loan from US development institution
Vietnamese electric vehicle maker VinFast and the U.S. International Development Financial Corporation (DFC) have signed a letter of interest (LoI) to consider a formal application by VinFast for a $500 million loan to establish a lithium-ion battery manufacturing facility in Vietnam.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
DFC CEO returns to Vietnam to bolster private sector
U.S. International Development Finance Corporation (DFC) CEO Scott Nathan on Thursday traveled to Ho Chi Minh City, his second trip to Vietnam in two months, in a move to bolster the private sector in the country.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
DFC keen on rare earths-linked investment in Vietnam
The U.S. International Development Finance Corporation (DFC) is not a newcomer to Vietnam, and made headlines during President Biden’s visit to Hanoi last month with two deals totaling $400 million. In an interview, DFC spokesperson Pooja Jhunjhunwala shared the views on the institution’s priority areas in Vietnam such as rare earths, infrastructure and energy and how investment can advance reforms.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam lender TPBank borrows $100 mln from US development finance agency
Vietnamese private lender TPBank has signed a deal for a $100 million loan from the U.S. International Development Finance Corporation (DFC), a development finance institution under the U.S. government.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
VPBank secures $300 mln loan from US gov’t development agency
VPBank, the largest bank in Vietnam in terms of charter capital, has struck a deal on a $300 million loan from US International Development Finance Corporation (DFC), the U.S. government’s development finance institution, to ramp up its operations.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
DFC pledges $18 mln investment in health firm to expand Vietnam operations
The U.S. International Development Finance Corporation (DFC) has approved an equity investment of $18 million in BuyMed Pte Ltd. to help the Singapore-registered healthtech firm strengthen its Vietnam operations.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
IFC approves $100 mln loan to enhance SeABank housing loans
The World Bank’s investment arm IFC has agreed a $100 million senior loan with five years in tenor to SeABank, with the proceeds to be exclusively used for the Vietnamese lender’s housing portfolio, including affordable housing.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Large offshore loans fuel Vietnamese banks, firms
Major international financial institutions have been providing several Vietnamese banks and companies with large loans to bolster their growth.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
IFC okays $75 million loan for SeABank
The World Bank’s financial arm IFC has approved a five-year convertible loan of $75 million to support SeABank’s growth and increase targeted lending to small- and medium-sized enterprises.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
US finance institution DFC grants $200 mln loan to SeABank
The U.S. International Development Finance Corporation (DFC) has approved a $200 million loan for Vietnam’s SeABank to further support women-owned, women-led companies and small and medium enterprises, as well as promote climate change finance.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
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- Editor’s Picks
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No offshore wind projects in Vietnam until 2028: global council
-
Vietnam-Singapore Industrial Park JV earns $67 mln profit in 2023
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Techcombank plans 10% stake issue to foreign strategic investors
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Vietnam needs to build more highways: logistics firm exec
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Vietnam central bank pumps cash to save troubled lender SCB
