Montreal,, August 2, 2025 / CNW / – Canada The Financial Institution for Bilateral Development, FINDEV Canada, Sumitomo Mitsui Banking Corporation (SMBC) and Japan International Cooperation Agency (JICA) announce the signing of a USD 215 million Easy of an unionized loan to Ho Chi Minh City Development Bank Trade Stock (HDBANK), one of the main commercial banks of Vietnam.
The ease of loan will allow HDBANK to strengthen agricultural value chains, rural development and climate financing by emphasizing green projects. It will also support the expansion of micro, small and medium -sized businesses (MPME), in particular women belonging to women and MPMs, while providing social housing loans to low -income customers.
Findev Canada will contribute USD 75 million As part of the ease of loan, with at least 40% of agricultural development products, targeting retail customers and MPMs along agricultural value chains, which are faced with challenges in access to financing and technology.
In addition, to improve the financial inclusion of women, FINDEV Canada will direct at least 30% of the product for women aligned 2x owned and led by MPMEs, thus improving the economic participation of women and empowerment through the bank’s portfolio.
Vietnam is particularly vulnerable to climate change because it faces risks such as droughts, floods and the intrusion of salt water which could reduce GDP by 12% to 14.5% by 2050. In accordance with its national objectives to reduce rural pollution and greenhouse gas emissions by 2030, FINDEV Canada will direct at least 30% of loan projects on the loan to climate financing projects, in particular renewable energies, energy efficiency and wastewater treatment.
“Findev Canada is pleased to associate with HDBANK, SMBC and JICA on this historic installation – one of our first direct investments in Vietnam. This partnership reflects our shared ambition to support long -term development and to amplify the impact across the country. We recognize the essential role that the financial industry plays in the progression of economic growth, gender equality and climate action. By taking advantage of our combined resources and our expertise, we help shape a more sustainable future, “said Paulo MartelliVice-president and head of investments, FINDEV Canada.
About Findev Canada
Findev Canada is Canada Institution for financing bilateral development (DFI), supporting development in the private sector. We provide funding, investment and mixed financing solutions, as well as technical assistance and advice, in order to promote sustainable and inclusive growth in emerging markets and development economies (EMDES), alignment on sustainable development objectives (SDG) and commitments from the Paris Agreement. Learn more about Findev Canada at www.findevcanada.ca.
About HDBANK
Created in 1990, HD Bank is recognized as one of the first joint commercial banks in Vietnam. With more than 30 years of operation, HDBANK is now one of the main banks in the country and develops internationally. The bank provides complete financial services to support MPME, farmers and rural communities, promoting credit access and promoting economic growth.
Media contact: FINDEV Canada: Media@findevcanada.ca
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