Vietnam is the DFC's largest market in Southeast Asia

The DFC has made investments to the tune of $737 million here, making Vietnam its largest market in Southeast Asia.

“My return to Vietnam just two months after I was here for President Biden’s historic visit demonstrates our commitment to bolstering Vietnam’s private sector,” said Nathan. “Over the past year, we have made commitments across our priority sectors, including energy, agriculture, health, and small business support. We are looking to do more here, both to strengthen the Comprehensive Strategic Partnership between our two countries and to unleash the power of private capital and create greater opportunity and prosperity for the Vietnamese people.”

Nathan met with current and prospective clients from the public and private sectors and previous beneficiaries of DFC’s work. In particular, he met with a delegation of visiting companies looking to make further investments here. Nathan also met with stakeholders investing in renewable energy and advancing the Just Energy Transition Partnership, and visited Fulbright University Vietnam, which is using its $37 million loan from DFC to construct its new campus in Ho Chi Minh City that will expand access to higher education.

Last September, Nathan joined US President Biden in Hanoi to elevate the relationship between the two countries. This time, in Ho Chi Minh City, Nathan, along with US Ambassador to Vietnam Marc Knapper, conveyed DFC’s enduring commitment to helping build a strong, independent, prosperous, and resilient Vietnam within the framework of the Comprehensive Strategic Partnership.

During Nathan’s previous trip to Vietnam, he announced two new commitments that nearly tripled DFC’s portfolio of investments in the country – more than $400 million in new financing to help expand access to finance for two major Vietnamese banks, VPBank and TPBank. These investments should bolster lending to small businesses across the country, including those owned by women, a group that has often faced significant challenges accessing finance.

DFC has partnered with the private sector to finance solutions to the most critical challenges facing the developing world today. DFC invests across sectors including energy, healthcare, critical infrastructure, food security, and small business support. Its investments adhere to the highest standards and respect the environment, human rights, and worker rights.

PM proposes more US financial support for clean energy, climate change response Prime Minister Pham Minh Chinh had a meeting with Chief Executive Officer of the US International Development Finance Corporation (DFC) Scott A. Nathan on May 12 (US time) as part of his trip to the US.

DFC pledges $300-million bilateral loan to VPBank for sustainable finance Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and the US International Development Finance Corporation (DFC) inked a Commitment Letter on a bilateral loan worth $300 million with a seven-year tenure.

DFC to grant $100 million loan to TPBank TPBank, one of Vietnam’s leading commercial banks, has announced the signing of a letter of commitment for a $100 million loan with a 7-year term from the US government’s Development Finance Corporation (DFC).