Private sector key to Việt Nam's green transition: IFC’s insight

Sunday, Oct 13, 2024

Việt Nam News speaks with Thomas Jacobs, International Finance Corporation (IFC) country manager for Việt Nam, Cambodia, and Laos, about the private sector''s role in Việt Nam''s green transition.

PM calls on WB, IFC to support Việt Nam’s large-scale infrastructure projects

Wednesday, Nov 15, 2023

The PM affirmed that the Vietnamese Government considers the WB and IFC crucial development partners, which have supported and contributed to the nation’s socio-economic development through policy advice and financial assistance for ODA projects, preferential loans and loans for the...

IFC prioritises job creation and trade flow in Việt Nam in a record year for Asia-Pacific region

Wednesday, Sep 06, 2023

Việt Nam led the way as one of the top five beneficiaries of the International Finance Corporation''s (IFC) long-term investments in the Asia-Pacific region for the fiscal year ending June 30, 2023, amid a back of numerous challenges and crises...

IFC supports private sector growth

Tuesday, Apr 12, 2022

The International Finance Corporation (IFC) is committed to supporting Việt Nam to leverage more private sector investment to meet its climate goals.

IFC partners with SeABank to lending smaller and women-owned SMEs in Viet Nam

Monday, Jun 28, 2021

International Finance Corporation (IFC) is providing a US$40 million loan to Southeast Asia Commercial Joint Stock Bank (SeABank) to support local businesses and help them make a resilient recovery after the COVID-19 pandemic.

Foreign banks confident and committed to VN's economy

Tuesday, Aug 11, 2020

International Finance Corporation (IFC) announced yesterday they have granted a US$70 million loan to Vietnamese Indo Trans Logistics Corporation (ITL Corp). 

IFC and Ha Noi sign new-generation FDI strategy agreement

Monday, Jun 29, 2020

International Finance Corporation signed a memorandum of understanding with Ha Noi to support its efforts to attract new-generation foreign direct investment.

IFC increases trade finance limits to support Vietnamese businesses amid Covid-19

Friday, Feb 21, 2020

The International Finance Corporation (IFC) announced it has increased trade finance limits for Vietnamese banks to improve their capacity to cover payment risks in granting trade financing to local companies affected by the outbreak of the novel coronavirus, known as...

IFC investor group no longer VietinBank’s major shareholder

Tuesday, Jan 14, 2020

The International Finance Corporation (IFC) investor group is now no longer a major shareholder of Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), after selling more than 55.7 million shares of the bank.

Việt Nam needs to promote access to supply chain financing : experts

Tuesday, Nov 12, 2019

Promoting supply chain financing will help improve the competitiveness of micro, small and medium enterprises (MSEME)  in Việt Nam, enabling them to join global supply chain, experts said in the 4th annual conference on supply chain financing in Asia-Pacific in...

BIM Land to get $87.5m from IFC to develop tourism in Viet Nam and Lao PDR

Monday, Sep 16, 2019

BIM Land Joint Stock Company, a property developer under BIM Group, has reached an agreement with International Finance Corporation (IFC), a member of the World Bank Group, for a loan of up to US$87.5 million to develop tourism infrastructure in...

Programme saves firms $30m

Friday, Sep 13, 2019

An programme of International Finance Corporation (IFC) has enabled Vietnamese apparel and textile suppliers to save US$30 million a year by improving their resource efficiency and reduce operating costs.

IFC high-level delegation to tour first private grid-connected solar farm

Friday, Aug 09, 2019

The International Finance Corporation (IFC)’s chief executive officer Philippe Le Houerou on Saturday will visit the TTC Phong Dien solar power plant, the first private grid-connected solar farm in Viet Nam, during his official visit to the country

IFC helps boost lending to SMEs

Wednesday, Mar 27, 2019

 The World Bank''s International Finance Corporation (IFC) and Orient Commercial Bank (OCB) on Wednesday signed a cooperation agreement on a US$100 million credit package and a consultancy programme to promote supply chain financing.

IFC arranges $100m loan for TPBank to promote digital financial services to MSMEs

Tuesday, Jul 10, 2018

The International Finance Corporation and Tien Phong Commercial Joint Stock Bank have inked a deal following which the financial arm of the World Bank will provide a syndicated loan of US$100 million to help TPBank extend long-term funding to mirco,...