FinDev Canada and Partners Announce USD 350 Million Loan to Vietnam's VPBank

Strategic Insights -

Canada's Development Finance Institution, FinDev Canada, has joined forces with Sumitomo Mitsui Banking Corporation (SMBC) and several partner Development Finance Institutions (DFIs) to provide a USD 350 million loan to Vietnam Prosperity Joint Stock Commercial Bank (VPBank), a leading privately-owned bank in Vietnam. The loan will support VPBank's sustainable finance strategy, focusing on social finance, green finance, and essential infrastructure development. This funding facility will play a significant role in advancing Vietnam's national objectives, including inclusive economic development, green growth, and infrastructure expansion.

Key Takeaways:

  • FinDev Canada will contribute USD 75 million to VPBank as part of the syndicated loan facility.
  • At least 40% of the loan proceeds will be directed to climate finance initiatives, supporting Vietnam's commitment to achieving net-zero emissions by 2050.
  • 40% of the loan proceeds will be directed to women-owned micro, small, and medium-sized enterprises (MSMEs), addressing significant challenges in accessing credit.
  • 100% of the loan proceeds will be aligned with the 2X Challenge criteria, a global standard for gender lens investing that promotes women's economic empowerment.
  • The loan facility will support VPBank's Sustainable Prosperity strategy guided by ESG principles and contribute to delivering on Vietnam's sustainability commitments.

Statistics:

  • USD 350 million: The value of the loan facility provided by FinDev Canada and partners to VPBank.
  • USD 75 million: The contribution from FinDev Canada to VPBank as part of the syndicated loan facility.
  • 40%: The percentage of loan proceeds directed to climate finance initiatives and women-owned MSMEs.
  • 2050: The target year for Vietnam to achieve net-zero emissions.
  • 30 years: VPBank's history as one of Vietnam's earliest joint-stock commercial banks.

Sources:

  • "FinDev Canada and Partners Announce USD 350 Million Loan to Vietnam's VPBank" (PRNewswire, July 29, 2025)
  • FinDev Canada website
  • VPBank website
  • FinDev Canada media contact: Media@findevcanada.ca