According to the bank's website, "the proposed project (the “Project”) consists of a 5-year senior loan package of up to US$200 million comprising of: (i) an A Loan of up to US$100 million from IFC’s own account, and (ii) mobilization of up to up to US$100 million, to Vietnam Prosperity Joint Stock Commercial Bank (VPBank, or the “Bank”) to support the growth of the Bank’s SME portfolio, with relevant focus on women-led/owned SMEs (WSME) financing and eligible climate-related projects with focus on projects financed by SMEs."
The development impact of the proposed project is expected to be delivered through: (i) Increased access to finance for SMEs and WSMEs, (ii) Increased access to climate finance with a focus on SMEs access to green finance, thereby promoting green finance products by SMEs, (iii) expected reduction in GHG emissions, and (iv) promotion of international green lending principles in Vietnam.
Vietnam Prosperity Joint Stock Commercial Bank
Nguyen Thi Thanh Nga
Head of Financial Institution Department
(+84) 904 810 097
89 Lang Ha, Ha Noi, Vietnam
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