Contribute Information
Can you contribute information about this project?
Contact the EWS Team
According to the Bank’s website, the proposed IFC investment is a 1-year US$20 million funded participation under a risk-sharing facility of up to US$40 million uncommitted secured revolving trade finance facility with Sumitomo Mitsui Banking Corporation (“SMBC”) for Thanh Thanh Cong - Bien Hoa Joint Stock Company (“TTC Sugar”). The facility is renewable annually for additional two years.The facility will be solely dedicated to finance (i) the Company’s import of raw sugar; (ii) storage in the approved domestic warehouse(s) with a Collateral Management Agreement (“CMA”); and (iii) sales to domestic and international customers.
The IFC Board approved an investment amount of:
Guarantee | 50.0 |
Loan | 150.0 |
Headquartered in Tay Ninh Province, Vietnam, TTC Sugar is the largest producer of sugar and its by-products in Vietnam. The Company’s main products include refined sugar, raw sugar, functional sugar, liquid sugar, organic sugar, and rock sugar. The Company’s key shareholders include Thanh Thanh Cong Investment Joint Stock Company, Mrs. Huynh Bich Ngoc, and Mrs. Dang Huynh Uc My.
Headquartered in Tokyo, SMBC is a leading global financial institution and a core member of Sumitomo Mitsui Financial Group (“SMBC Group”). SMBC is one of the largest Japanese banks by assets, with strong credit ratings across its global integrated network spanning over 39 countries and regions, 15 of which are here in Asia. SMBC works across SMBC Group to offer personal, corporate, and investment banking services to meet the needs of its customers.
Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
---|---|---|---|---|---|---|
- | - | - | - | Thanh Thanh Cong - Bien Hoa Joint Stock Company | Client | - |
Thanh Thanh Cong - Bien Hoa Joint Stock Company
Ms. Dinh Thi Ngoc Thao
Head of Treasury Department
+84 90 3398320
fin.dep-mgr@ttcsugar.com.vn
1st Floor, Betrimex Building, 62 Tran Huy Lieu Street, Ward 11, Phu Nhuan District, Ho Chi Minh City
ttcsugar.com.vn/Default.aspx
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