Original disclosure @ IFC website
Updated in EWS Sep 13, 2022
Disclosed by Bank Apr 24, 2022
Can you contribute information about this project?
Contact the EWS Team
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
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries
If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.
ACCOUNTABILITY MECHANISM OF IFC/MIGA
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