ADB, HDBank Sign $100 Million Loan to Expand Access to Finance for MSMEs, Women-Owned Businesses in Viet Nam
Vietnam, July 7 -- The Asian Development Bank (ADB) has signed a $100 million loan with Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) to expand access to finance for micro, small, and medium-sized enterprises (MSMEs) in Viet Nam, with a focus on women-owned MSMEs (WMSMEs).As mandated lead arranger and co-coordinator with Standard Chartered Bank (Singapore) Limited, ADB also brought together 29 commercial banks to mobilize an additional $621 million in financing and expand the resources available to HDBank. The transaction strengthens HDBank's access to international capital and highlights ADB's role in mobilizing private financing to support inclusive financial systems across Asia and the Pacific. The financing will supp...
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