VP Bank Green Loan (IFC-41890)

  • Vietnam
Geographic location where the impacts of the investment may be experienced.
Specific Location
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 2, 2019
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Apr 4, 2021

Disclosed by Bank Oct 30, 2019

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the bank document, the proposed project is delivered through

(i) improved access to finance for climate businesses and local SMEs,

(ii) capacity building through parallel advisory support,

(iii) expected reduction in GHG emissions, and

(iv) promotion of climate financing standards and best practices.

The investment is for a 5-year senior loan of up to US$150 million, consisting of (i) up to US$50 million IFC A Loan from its own account,

(ii) up to US$37.5 million from IFC acting in its capacity as implementing entity for the Managed Co-Lending Portfolio Program, and

(iii) up to US$62.5 million B1 and Parallel Loans including a green-shoe option to Vietnam Prosperity Joint Stock Commercial Bank (“VP Bank” or “the Bank”).

The investment aims to support the Bank to grow its eligible climate-related projects and SME portfolio.

VP Bank is headquartered in Hanoi, Vietnam. As of June 30, 2019, the Bank had 226 branches, 84 SME hubs, 137 household centers, and 4 Corporate branches across Vietnam. The investment can be made throughout the country.


Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

VP Bank was established in 1993 with its headquarter in Hanoi, Vietnam. The Bank provides a wide range of commercial banking products and services to both retail and commercial clients through a nation-wide network of 226 branches, 84 SME hubs, 137 Household centers, 4 Corporate, and 649 branded ATMs and CDMs. The current main common shareholders as of June 30, 2019 are: Chairman Ngo Chi Dung and his related persons (14.96%), Vice Chairman Lo Bang Giang and his related persons (7.5%), and Vice Chairman Bui Hai Quan and his related persons (6.68%). According to its annual report 2018, VP Bank has 176 institutional and 18,571 individual investors.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Vietnam Prosperity Joint-Stock Commercial Bank (VP Bank) Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

1/ The Project Contact

Vietnam Prosperity Joint Stock Commercial Bank

Name: Ms. Vo Hang Phuong

Title: Head of Financial Institutions and Transaction Banking

Tel: +84 24 393 85111

Email: phuongvh@vpbank.com.vn

Address: No.89 Lang Ha Street, Dong Da District, Ha Noi, Viet Nam

Website: www.vpbank.com.vn

2/ IFC Contact

General IFC Inquiries

IFC Communications

2121 Pennsylvania Avenue, NW

Washington DC 20433

Telephone: 202-473-3800

Fax: 202-974-4384


The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

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How it works