Vietnamese Finance Company EVF Plans to Bring in Two Japanese Funds

On November 9, 2026, Vietnamese finance company Công ty Tài chính Tổng hợp Cổ phần Điện lực (EVF) signed a memorandum of understanding in Japan with Japan Vietnam Capital Fund I, L.P., Daiwa–SSIAM Vietnam Growth Fund IV (USD) L.P. and SSIAM. The two funds plan to participate in EVF’s private share offering. Under its previously announced plan, EVF intends to issue 85 million shares at VND 13,500 per share, raising up to VND 1.1475 trillion.

Vietnamese finance company EVF is expanding financial cooperation with Japanese investors.（VietVance）

The proposed investment has yet to be finalized. EVF’s transaction with the investors remains subject to the signing of a formal agreement and the fulfillment of necessary conditions and approvals under the law. Japan Vietnam Capital Fund I was established through a partnership between SSIAM and the Development Bank of Japan (DBJ); Daiwa–SSIAM Vietnam Growth Fund IV was established through a partnership between SSIAM and DCI.

EVF said it also plans to meet with the credit rating agencies Japan Credit Rating Agency and Rating and Investment Information, Inc., as well as banks including Shizuoka Bank and Hyakugo Bank, during its visit to Japan. An EVF representative said diversifying funding sources is a long-term challenge. Beyond the size of its equity base, its funding structure, financing terms, financial costs and ability to maintain liquidity also directly affect operating efficiency.

SSIAM said its relationships with Daiwa and the Development Bank of Japan give it access to a network of more than 20 regional banks and credit rating agencies in Japan. These connections could broaden financing options for Vietnamese companies, including share issuance, medium- and long-term loans, and co-financing. Whether specific partnerships and financing arrangements proceed will depend on subsequent arrangements.

Source: VietVance