As a prestigious international financial institution, the IFC focuses on supporting the private sector by providing middle and long-term loans, stakes, guaranty, risk management and consultancy services.
IFC country manager for Viet Nam, Laos and Cambodia Kyle Kelhofer said that the loan will assist the VPBank to become a leading bank serving the SMEs, support the development of the private sector and contribute to the economic development.
In 2016 and early 2017, the IFC and sponsors have provided US$158 million for VPBank with the period of five years and commercial aid of US$50 million for VPBank to help micro enterprises and businesses managed by women and export ones.
By Thuy Dung