The United States International Development Finance Corporation (DFC) announced the approval of financing of up to US$1.4 billion for 34 projects in developing countries worldwide. — Photo SeABank
The United States International Development Finance Corporation (DFC) announced the approval of financing of up to US$1.4 billion for 34 projects in developing countries worldwide. Of which, Southeast Asia Commercial Joint Stock Bank (SeABank) was the only entity in Viet Nam that has been granted a loan of up to $200 million.
The bank said the loan was to promote socio-economic development through supporting small businesses, women-owned enterprises, small and medium enterprises and the climate crisis.
DFC's investments span a wide range of sectors such as energy, healthcare, critical infrastructure, and technology; while also aiming to finance small and medium-sized enterprises, women-owned businesses in emerging markets, adhere to high standards and respect the environment and workers' rights, among the developmental strategies that SeABank prioritises.
Before receiving the loan from DFC, SeABank was granted a credit package by the IFC and five international investment funds including Banque Internationale de Commerce-BRED, BlueOrchard Microfinance Fund, KASIKORNBANK PCL, OPEC and responsAbility Investments AG in a $220 million fund to support capital for small and medium-sized businesses, women-owned businesses, and climate change.
According to the bank, it showed the commitment to the sustainable development strategy, affirming the prestige and effectiveness of implementing projects supporting sustainable development as well as the appreciation of the world's leading financial institutions for the sustainable development of SeABank's activities. — VNS