IFC looks to invest $320m in three Vietnamese banks

International lender has been operating in country since 1997

20221122 Vietnam street scene

A vendor walks in an alley decorated with national flags in Hanoi. © Reuters

QUYNH NGUYEN, DealStreetAsia

HANOI -- International Finance Corporation (IFC), a member of the World Bank Group, has proposed a total investment of $320 million in three Vietnamese banks to support their small and medium-sized enterprises (SMEs) loan portfolio.

The three banks receiving investments would be Saigon-Hanoi Commercial Joint Stock Bank (SHB), Vietnam International Commercial Joint Stock Bank (VIB) and Oriental Commercial Joint Stock Bank (OCB).

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.