OPEC Fund enhances global partnerships with substantial financing commitments at the 2024 World Bank meetings

OPEC Fund enhances global partnerships with substantial financing commitments at the 2024 World Bank meetings

The OPEC Fund for International Development (the OPEC Fund) concluded its participation in the 2024 World Bank-IMF Annual Meetings with robust new financing commitments, signing loan agreements totaling nearly half a billion dollars with partner countries.
Indonesia expands startups’ access to financing

Indonesia expands startups’ access to financing

Indonesia’s Cooperatives and Small and Medium Enterprises Ministry has continued to exert efforts to expand access to financing and investment to the country’s startup companies, Minister Teten Masduki said on March 27.
Lenders determined to meet financing needs of customers

Lenders determined to meet financing needs of customers

In line with the government’s economic stimulus initiatives and to ensure market liquidity, a number of major financial institutions are implementing strategies to address the financing needs of businesses and individuals.
Fair energy transition awaits financing

Fair energy transition awaits financing

With public financing insufficient, Vietnam requires more affordable capital than commercial loans for a fair energy transition.
Cross-border funds required to advance banking expansion

Cross-border funds required to advance banking expansion

A slew of Vietnamese banks and securities firms are searching for international financing sources in an effort to expand operations.
Domestic corporations turn to global credit financing sources

Domestic corporations turn to global credit financing sources

Given current challenging fundraising and bleak merger and acquisition circumstances, a number of Vietnamese groups are looking to financing sources from overseas credit facilities to strengthen their resilience in the face of market fluctuations.
Citi provides a complete financing solution for Viettel Peru

Citi provides a complete financing solution for Viettel Peru

Citi was recently the sole lead arranger and lender on a $200 million 6-year, fixed-rate, dual-tranche secured amortising loan for Viettel Peru S.A.C.
VNG Group pumps $22.5 million into fintech platform

VNG Group pumps $22.5 million into fintech platform

Digital financing platform Funding Societies has confirmed its fresh fundraising round worth $144 million in an oversubscribed Series C+ led by SoftBank Vision Fund 2 and several other venture capital firms.
World Bank approves $90 mn in pandemic aid for Iran

World Bank approves $90 mn in pandemic aid for Iran

The World Bank has approved $90 million in additional financing for Iran, to help fight against the Covid-19 pandemic, a spokesperson said Friday.
Localities attempt to buck funding trend

Localities attempt to buck funding trend

An increase in financing for operational projects so far this year is demonstrating foreign investors’ trust in the local investment environment and the efforts of localities in improving the business community.
Banks lift women-led groups with financing options

Banks lift women-led groups with financing options

Both local and foreign banks are joining forces to promote an inclusive growth and generate more job opportunities by boosting their funding packages to women-led enterprises, hence increasing critical roles of female entrepreneurs in corporate value chains.
Rising foreign funds in sound financing 

Rising foreign funds in sound financing 

Local banks could gain the upper hand thanks to a number of syndicated loan facilities backed by international financial institutions, with a central focus on climate-friendly energy, digitally-led services, and narrowing the gap for small- and medium-sized enterprise financing.
HSBC to phase out coal funding on shareholder pressure

HSBC to phase out coal funding on shareholder pressure

HSBC bank on Thursday unveiled plans to phase out financing of the coal industry over the next two decades, bowing to shareholder pressure to do more to tackle global warming.
Standard Chartered commits $75 billion toward SDGs

Standard Chartered commits $75 billion toward SDGs

Standard Chartered announced its business targets supporting clients as they transition to a low-carbon economy as part of its sustainability aspirations.
Validus Vietnam and Nafoods Group partner up to finance agriculture

Validus Vietnam and Nafoods Group partner up to finance agriculture

The tie-up between Validus Vietnam and Nafoods Group will provide supply chain financing to Nafoods and the SMEs in its ecosystem.
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