IFC provides record funding for Vietnamese businesses
 |
| illustration photo |
This sum will be transferred to businesses through the Vietnamese commercial banks under the Global Trade Finance Programme (GTFP).
Simon Andrews, IFC Regional Manager for Vietnam, Laos, Cambodia and Thailand said: “By complementing banks’ capacity to deliver trade finance solutions, IFC has helped ensure continued trade flows vital to enterprise growth despite liquidity constraints.”
The programme, since its launch in Vietnam in late 2007, has helped improve the capacity of nine banks to cover the payment risk in granting trade financing to local companies, mostly small and medium enterprises.
Under the programme, the banks have issued 268 guarantees to support one billion dollars in trade finance transactions.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Tourism, investment potential of Tay Ninh introduced to foreign firms (August 23, 2024 | 10:36)
- Ba Ria-Vung Tau leads the way in digital transformation (August 20, 2024 | 10:13)
- WHO warns more mpox to come in Europe after case in Sweden (August 16, 2024 | 14:41)
- Strong institutions shield emerging markets from US monetary shocks (August 16, 2024 | 09:15)
- Phu Quoc Island becomes world’s second most captivating island, just behind Maldives (August 14, 2024 | 17:07)
- “Pho” of Hanoi, Nam Dinh recognised as national intangible cultural heritage (August 13, 2024 | 15:17)
- Ba Ria-Vung Tau among top choices for living in Vietnam (August 12, 2024 | 10:00)
- Incheon International Airport expands operation to Vietnam (August 09, 2024 | 11:04)
- Finance ministry proposes lower tax rate for micro and small enterprises (August 09, 2024 | 10:45)
- Deputy PM wants renewed efforts on preventing trade fraud, smuggling, counterfeit goods (August 09, 2024 | 10:24)
Mobile Version