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VPBank announced on November 10 that it had secured an international syndicated loan of nearly VND 19 trillion (about $730 million), jointly arranged by IFC and SMBC. The bank said the funds would expand lending to small and medium-sized enterprises, particularly women-owned or women-led businesses and agricultural firms.
VPBank announced a $730 million international syndicated loan on November 10, jointly arranged by IFC and SMBC. Earlier IFC project documents outlined a financing plan of up to $830 million; the two figures refer to the announced transaction and the earlier plan, respectively.
VPBank announced a $730 million international syndicated loan in Hanoi on November 10. Arranged by IFC and SMBC, the loan has three, five and seven-year terms and is intended to expand financing for small and medium-sized enterprises.
VPBank announced a $730 million international syndicated loan in Hanoi on November 10, jointly coordinated and arranged by IFC and SMBC. With maturities of three, five and seven years, the funding will expand financing for small and medium-sized enterprises, agricultural businesses, and businesses owned or led by women.
