JICA, ADB to launch $1.5 bln infrastructure fund, Vietnam in focus

JICA, ADB to launch $1.5 bln infrastructure fund, Vietnam in focus

The Asian Development Bank (ADB) and the Japan International Cooperation Agency (JICA) will establish the Leading Asia's Private Infrastructure Fund 2 (LEAP 2) with the capital of up to $1.5 billion, the duo announced Friday.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam secures $36 mln in fintech funding from Jan-Sep: UOB

Vietnam secures $36 mln in fintech funding from Jan-Sep: UOB

Vietnam secured $36 million in nine finance technology (fintech) deals in the first nine months of this year, according to the Singapore-based United Overseas Bank's (UOB) FinTech in ASEAN 2023 report.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Nghe An province invites US investments in semiconductor, electronics

Nghe An province invites US investments in semiconductor, electronics

Nghe An, Vietnam's largest province, has called on American businesses to invest in the prioritized industries of semiconductors, electronics, manufacturing, materials and banking-finance.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

World Bank arm IFC pledges $1.9 bln to Vietnam in fiscal year 2023

World Bank arm IFC pledges $1.9 bln to Vietnam in fiscal year 2023

The International Finance Corporation (IFC), the World Bank Group’s private-sector investment arm, made total commitments of $1.9 billion in Vietnam in fiscal year 2023 ending June 30, the IFC announced on Wednesday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam PM urges Indonesia firms to invest more in banking, finance, green growth

Vietnam PM urges Indonesia firms to invest more in banking, finance, green growth

Vietnam is always happy to welcome Indonesian firms investing in the country’s banking, finance, green growth, property, and agriculture sectors, Prime Minister Pham Minh Chinh said on Tuesday.

Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam business opportunities aplenty in ascendant SEAsia: HSBC exec

Vietnam business opportunities aplenty in ascendant SEAsia: HSBC exec

Southeast Asia remains the world’s growth engine, and as an important economy in the region, Vietnam offers a lot of business opportunities in key areas, said HSBC Asia-Pacific’s Commercial Banking head for South and Southeast Asia, Amanda Murphy.

Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7

Agriculture in Vietnam: redefining boundaries

Agriculture in Vietnam: redefining boundaries

The prospects for Vietnam’s agriculture sector are bright over the next few years thanks to a strong commitment from the government and the free trade agreements that have been put in place, wrote Surajit Rakshit, HSBC Vietnam's head of global trade and receivables finance.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

ADB, Switzerland sign $5 mln cofinancing deal to help Vietnam SMEs

ADB, Switzerland sign $5 mln cofinancing deal to help Vietnam SMEs

The Asian Development Bank (ADB) and Switzerland signed a cofinancing agreement of $5 million Thursday to nurture fintech that can help address low financial inclusion in Vietnam, particularly among small- and medium-sized enterprises, or SMEs.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

VietinBank looks to 15% profit growth in 2023

VietinBank looks to 15% profit growth in 2023

VietinBank, one of the “Big 4” banks in Vietnam, targets profit growth of 10-15% year-on-year in 2023, said its chairman Tran Binh Minh.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

IFC’s $120 mln investment in Vietnam lender SHB to widen SME loans

IFC’s $120 mln investment in Vietnam lender SHB to widen SME loans

International Finance Corporation, the World Bank’s investment arm, has decided to invest $120 million into Saigon-Hanoi Bank (SHB) to help the Vietnamese lender expand financial access for small and medium enterprises.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

First 9 projects picked for Climate Finance Accelerator in Vietnam

First 9 projects picked for Climate Finance Accelerator in Vietnam

Nine low-carbon projects in Vietnam have been announced as the first cohort to join Climate Finance Accelerator (CFA) in the country, the British Embassy in Hanoi said Monday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam M&A forecast for a busy year: PwC

Vietnam M&A forecast for a busy year: PwC

Technology, media, telecoms, industrial manufacturing, automotive, financial services, energy, consumer markets, and health are forecast to offer opportunities for mergers and acquisitions (M&A) in Vietnam this year, a new PwC report said.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

ADB agrees $107 mln loan for Vietnam’s BIM Wind

ADB agrees $107 mln loan for Vietnam’s BIM Wind

The Asian Development Bank (ADB) has signed a $107 million loan for BIM Wind Power JSC’s 88-megawatt wind farm in Ninh Thuan province on Vietnam’s south-central coast.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Luxembourg backs Vietnam’s green growth

Luxembourg backs Vietnam’s green growth

The prime ministers of Luxembourg and Vietnam promised Friday to establish a strategic partnership framework for green finance to help the Southeast Asian nation pursue its green growth strategy and combat climate change.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

ADB, VPBank sign $500 mln social loan package for women-owned SMEs in Vietnam

ADB, VPBank sign $500 mln social loan package for women-owned SMEs in Vietnam

The Asian Development Bank (ADB) and VPBank signed Friday a loan package of up to $500 million to expand access to finance for women-owned small and medium-sized enterprises (WSMEs) and social loan projects in Vietnam.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Seatle-based SSA’s Vietnam joint venture may get $24 mln for shake-up

Seatle-based SSA’s Vietnam joint venture may get $24 mln for shake-up

Saigon Port JSC is waiting for its shareholders’ nod to loan $24 million to the firm operating Saigon Port-SSA International Terminal for its financial restructuring.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

HCMC calls for more US investments in infrastructure, energy

HCMC calls for more US investments in infrastructure, energy

Ho Chi Minh City is seeking more U.S. investment in prioritized sectors like deep-water port construction, road infrastructure, digitalization, clean energy, and finance, said Vice Mayor Ngo Minh Chau.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

BIDV funds construction of third VSIP Binh Duong Industrial Park

BIDV funds construction of third VSIP Binh Duong Industrial Park

BIDV, one of Vietnam’s “Big 4” commercial banks, will loan about $200 million for constructing the Vietnam-Singapore Industrial Park (VSIP) III in the southern province of Binh Duong.

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

US finance institution DFC grants $200 mln loan to SeABank

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

IFC seeks to invest $311 million in Vietinbank

IFC seeks to invest $311 million in Vietinbank

The World Bank’s investment arm IFC has proposed an investment of up to $311 million in Vietinbank, Vietnam's second largest lender by assets.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Six Vietnamese on Forbes 30 Under 30 Asia 2022 list

Six Vietnamese on Forbes 30 Under 30 Asia 2022 list

The Forbes Under 30 Asia Class of 2022 list has honored six Vietnamese representatives in finance, energy, manufacturing, art, and consumer technology.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

IFC, Vietnam’s HDBank to boost finance for smaller firms, supply chains

IFC, Vietnam’s HDBank to boost finance for smaller firms, supply chains

The World Bank’s investment arm IFC is joining forces with HDBank to help Vietnamese small and medium businesses get access to funding to better take part in global supply chains, and expand into new markets.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

IFC expects $500 mln in financing lenders VPBank, VIB

IFC expects $500 mln in financing lenders VPBank, VIB

The World Bank’s investment arm IFC is weighing two loans totaling $250 million for two Vietnamese private banks VPBank and VIB, and eyeing mobilization of the same amount for the duo.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hot Facebooker arrested for disseminating “unverified” stock market information

Hot Facebooker arrested for disseminating “unverified” stock market information

Dang Nhu Quynh, a well-known Facebook blogger in Hanoi, was detained on Thursday over accusations of using social media to disseminate "unverified" information that caused harm to the local stock market.

Society - Mon, Dec 22, 2021 | 11:30 am GMT+7

Louis Dreyfus secures $100 mln ADB loan to assist Asian farmers

Louis Dreyfus secures $100 mln ADB loan to assist Asian farmers

The ADB and Louis Dreyfus Company B.V. on Thursday signed a $100 million loan to help smallholder farmers in five countries, including Vietnam, recover from the pandemic-induced economic challenges and improve their resilience to climate change impacts.

Banking & Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7