VIB Senior Loan (IFC-40089)

  • Vietnam
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Ring Fence
  • Small & Medium Enterprises
A financial intermediary is a commercial bank or financial institution that receives funds from a development bank for a specific purpose. A "ring fence" is another name for the specific purpose. Financial intermediaries include insurance, pension and equity funds. A financial intermediary lends these funds to their clients in the form of loans, bonds, guarantees and equity shares.
Project Cost (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Apr 4, 2021

Disclosed by Bank Sep 8, 2017

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Project Description

International Finance Corporation (IFC) is considering an investment in the form of senior loan of up to US$200 million, consisting of an anchor-level A Loan and a B Loan and/or Parallel Loan to Vietnam International Commercial Joint Stock Bank (VIB or the Bank). Through the investment, IFC will support VIB’s growth of its small and medium enterprises (SMEs), micro SMEs and affordable housing loan portfolio, which in turn increase financial inclusion, create jobs and reduce poverty in Vietnam.

Investment Description
  • International Finance Corporation (IFC)

Vietnam International Commercial Joint Stock Bank, abbreviated as Vietnam International Bank (VIB), was founded on 18th September, 1996 with its head office based at 16 Phan Chu Trinh, Hoan Kiem District, Hanoi. As of June 30, 2017, the Bank had 160 branches and transaction offices in Vietnam. The Bank provides to both corporate and retail clients through those branches and transaction offices. The current main shareholders of VIB are:
(i) Commonwealth Bank of Australia (CBA) with a 20% shareholding,
(ii) 10 institutional investors with a 4.2% shareholding, and
(iii) 1,305 individual investors with a 75.8% shareholding.
The total project cost is estimated at up to US$200 million. The project aims to support the Bank’s lending to SMEs, micro SMEs and affordable housing.

Financial Intermediary
Contact Information

1/The Project Contact
Vietnam International Commercial Joint Stock Bank
Mr. Han Ngoc Vu
Chief Executive Officer
+84 24 62760068
Floor 7, ConerStone Building, 16 Phan Chu Trinh Street, Hanoi, Vietnam

2/IFC Contact
General IFC Inquiries
IFC Communications
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384


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