Legal gaps should be filled to boost trade finance in Vietnam: experts

Legal gaps should be filled to boost trade finance in Vietnam: experts

More actions are needed to fill up legal gaps in Vietnam to ramp up trade finance that is vital to expanding international trade for importers as well as exporters, a panel has said.

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

Removing trade finance constraints may give Vietnam $55 bln trade boost annually: report

Removing trade finance constraints may give Vietnam $55 bln trade boost annually: report

Removing trade finance constraints can prompt an annual increase in merchandise trade in Vietnam of $55 billion, according to the International Finance Corporation (IFC) and the World Trade Organization (WTO).

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

Vietnam seeks WB soft loans for major traffic, climate projects

Vietnam seeks WB soft loans for major traffic, climate projects

Prime Minister Pham Minh Chinh has urged the World Bank (WB) to provide low-interest loans for key and large-scale traffic and climate-focused projects in Vietnam.

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

IFC signs advisory agreement with Vietnam firm to promote sustainable rice production

IFC signs advisory agreement with Vietnam firm to promote sustainable rice production

International Finance Cooperation (IFC), a member of World Bank Group, is supporting Vietnam’s A An Food JSC to enhance its rice production quality and sustainability, thus helping boost the value and competitiveness of the country’s agricultural sector.

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

International funding crucial for Vietnam's green growth: central bank official

International funding crucial for Vietnam's green growth: central bank official

Commercial banks in Vietnam need funding from international institutions and private financiers in order to promote green, sustainable growth, a Vietnamese central bank official said Thursday.

Economy - 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

IFC proposes $150 mln investments in 2 Vietnam realty firms’ bonds

IFC proposes $150 mln investments in 2 Vietnam realty firms’ bonds

IFC, the World Bank Group’s private-sector investment arm, is mulling over pouring $150 million into two Vietnamese real estate companies via sustainability-linked bonds (SLBs).

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

Vietnam agri firm lands $100 mln trade facility from foreign lenders

Vietnam agri firm lands $100 mln trade facility from foreign lenders

TTC AgriS, a leading agribusiness firm in Vietnam, has obtained a $100 million trade facility from foreign lenders, adding to a $40 million finance facility acquired in June.

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

IFC seeks to invest $10 mln in Vietnam-focused private equity firm ABBPE

IFC seeks to invest $10 mln in Vietnam-focused private equity firm ABBPE

World Bank Group investment arm IFC is considering a proposed investment of $10 million in Vietnam-focused ABBPE Capital Management Pte Ltd.

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

Vietnam lender SHB seeks strategic foreign investor

Vietnam lender SHB seeks strategic foreign investor

Saigon-Hanoi Bank (SHB) is seeking an optimal strategic partner towards delivering greater value to customers and shareholders, a source with knowledge of the matter told The Investor Friday.

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

WB arm joins with Japanese lender to invest $60 mln in Vietnamese firms

WB arm joins with Japanese lender to invest $60 mln in Vietnamese firms

The World Bank’s IFC is making two new investments in Vietnam’s retail and agribusiness sectors to help strengthen the value chain and support food security in the country.

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

Vietnam's delivery market value to hit $4.9 bln by 2030: global research firm

Vietnam's delivery market value to hit $4.9 bln by 2030: global research firm

Vietnam’s courier, express and parcel services market could exceed $4.9 billion in value by 2030, registering an annual growth rate of up to 23.8%, according to Research and Markets.

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

Opening market to foreign investors key to NPLs in Vietnam: IFC

Opening market to foreign investors key to NPLs in Vietnam: IFC

Vietnam should promptly open the non-performing loan gate to international investors as the country does not have sufficient resources to solve NPL problems, an International Finance Corporation (IFC) official said Wednesday.

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

IFC okays $20 mln to help GS25 expand convenience store system

IFC okays $20 mln to help GS25 expand convenience store system

International Finance Corporation (IFC) has approved a $20 million investment in the GS25 convenience store system in Vietnam to fuel the chain’s expansion over the next two years.

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

Vietnam, Cambodia have shortest port turnaround time in ASEAN: World Bank

Vietnam, Cambodia have shortest port turnaround time in ASEAN: World Bank

Container shipping in Vietnam and its neighbor Cambodia had the lowest turnaround time at ports in ASEAN in June 2022 as both secured an average of 0.9 days, the World Bank says.

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

IFC innovative move to help boost climate resilience of buildings in Vietnam

IFC innovative move to help boost climate resilience of buildings in Vietnam

International Finance Corporation, the World Bank’s investment arm, launched its Building Resilience Index (BRI) program in Vietnam on Thursday to help make the country's buildings and cities more climate resilient.

Society - 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

IFC okays new $100 mln funding for VIB’s housing portfolio

IFC okays new $100 mln funding for VIB’s housing portfolio

The World Bank’s investment arm IFC has approved a proposed investment of $100 million into VIB to further fuel the Vietnamese private bank’s housing portfolio, following a similar $150 million loan last year for the same purpose.

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

Singapore animal feed maker Entobel to beef up Vietnam operations

Singapore animal feed maker Entobel to beef up Vietnam operations

Singapore-based animal feed maker Entobel and the International Finance Corporation (IFC) have formed a partnership to scale up the former’s operations in Vietnam as part of a long-term cooperation agreement, Entobel announced on Thursday.

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

IFC lends $40 mln to Vietnam lender SHB, expects new $50 mln

IFC lends $40 mln to Vietnam lender SHB, expects new $50 mln

World Bank investment arm IFC signed a $40 million loan for Saigon-Hanoi Bank (SHB) on Tuesday to help the lender expand financial access for small and medium enterprises, while seeking a $50 million financing package for the same purpose.

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

IFC-backed SeABank seeks to sell shares to foreign investors

IFC-backed SeABank seeks to sell shares to foreign investors

Vietnam’s SeABank, in which International Finance Corporation (IFC) has invested almost $400 million, will collect shareholders' opinions on approving its planned private placement of shares to foreign investors.

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

IFC to invest $39 mln in Vietnam agri major BaF as strategic partner

IFC to invest $39 mln in Vietnam agri major BaF as strategic partner

The World Bank’s investment arm IFC has become a strategic partner in Vietnam-based BaF following Vietnamese regulatory approval of an IFC proposal to invest $39 million investment in the leading agri firm.

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

Over $2 bln to bolster Vietnam, Southeast Asia logistics

Over $2 bln to bolster Vietnam, Southeast Asia logistics

The logistics sectors in Vietnam and Southeast Asia are set to receive a significant boost following a new partnership between the World Bank’s private-sector arm IFC and two regional leading companies, with more than $2 billion to be invested over the next five years.

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

Swiss fund BlueOrchard invests $20 mln in Nam A Bank to support SMEs

Swiss fund BlueOrchard invests $20 mln in Nam A Bank to support SMEs

BlueOrchard Finance, a Swiss global asset manager in impact investing, has agreed a $20 million loan for Nam A Bank to help the Vietnamese lender provide credit for small- and medium-sized enterprises (SMEs) in the country.

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

IFC invests $100 mln in SeABank to help buyers of budget homes

IFC invests $100 mln in SeABank to help buyers of budget homes

More lower- and middle-income families in Vietnam will be able to buy homes thanks to a $100 million investment in SeABank by the IFC, the World Bank’s investment arm.

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

IFC approves $100 mln loan to enhance SeABank housing loans

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

Vietnam emerges as destination for global supply chain diversification

Vietnam emerges as destination for global supply chain diversification

Singapore's leading supply chain and logistics company YCH and Vietnam's T&T Group are co-developing a multimodal logistics hub named Vietnam SuperPort in Vinh Phuc province near Hanoi. Chan Yoke Ping, CEO of T&Y SuperPort Vinh Phuc, gives The Investor her insights into the over $200 million project and the country's logistics development.

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

Housing developer Nam Long bucks trend with $21 mln bond issue

Housing developer Nam Long bucks trend with $21 mln bond issue

Amidst a lull in the corporate bond market, Vietnam's leading housing developer Nam Long Investment Corporation has gone ahead with a VND500 billion ($21 million) issue, with its equity in subsidiaries as collateral.

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

Shareholders okay HDBank’s $500 mln bond issuing plan

Shareholders okay HDBank’s $500 mln bond issuing plan

Ho Chi Minh City Development Joint Stock Commercial Bank, or HDBank, has secured its shareholders’ approval to issue convertible bonds worth $500 million to international investors, and increase the foreign ownership ratio at the bank to 20% from 18%.

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

IFC, Australia partner to boost Vietnam’s private sector growth

IFC, Australia partner to boost Vietnam’s private sector growth

At least $300 million in private investments in Vietnam is expected to be unlocked by a new partnership between the World Bank’s investment arm IFC and the Australian government, IFC announced Thursday.

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

IFC eyes $20 mln investment to fuel GS25 store chain expansion

IFC eyes $20 mln investment to fuel GS25 store chain expansion

The World Bank’s investment arm IFC is considering a new investment of about $20 million into the GS25 convenience store system in Vietnam to drive the chain’s expansion until 2025.

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

IFC considers pouring $20 mln into Vietnam’s biggest sugar maker

IFC considers pouring $20 mln into Vietnam’s biggest sugar maker

The World Bank’s investment arm IFC has proposed a $20-million investment in Vietnam’s largest sugar producer TTC Sugar in one year.

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

Large offshore loans fuel Vietnamese banks, firms

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 seeks to channel $320 mln into 3 Vietnamese banks

IFC seeks to channel $320 mln into 3 Vietnamese banks

The World Bank Group’s investment arm IFC has proposed investments totaling $320 million in three Vietnamese banks to support their loan portfolios for small and medium-sized enterprises (SMEs) and housing finance.

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

IFC, Vietnam securities regulator partner to boost green finance

IFC, Vietnam securities regulator partner to boost green finance

The World Bank’s investment arm IFC, in partnership with the Swiss State Secretariat for Economic Affairs (SECO), is scaling up its support to Vietnam’s government to promote sustainable finance and spur private sector investment.

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