IFC

Update news IFC

The International Finance Corporation (IFC) has provided a 100 million USD long-term loan for the Orient Commercial Joint Stock Bank (OCB) to increase the private sector’s contributions to green and sustainable growth in Vietnam.

Global finance centre reboot on the cards

After long delays, Vietnam will begin implementing a plan to establish an international financial centre as a core pillar of contemporary global finance, thus putting the country’s profile onto the map.

IFC supports Vietnam's exports of high quality fruits

The IFC, a member of the World Bank Group, has signed a memorandum of understanding with the Plant Protection Department to support efforts to expand export markets for Vietnam's high quality fruits.

IFC investor group no longer VietinBank’s major shareholder

The International Finance Corporation (IFC) investor group is now no longer a major shareholder of the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), after selling more than 55.7 million shares of the bank.

IFC divests stake at Vietnam’s state-run Vietinbank

The International Finance Corporation (IFC) remains a major shareholder of Vietinbank with a nearly 6.5% stake.

Vietnam strives for sustainable textile & garment industry

The textile and garment industry is the second biggest polluting industry. Textile factories are the most energy-intensive in the world, consuming 1/10 of the total electricity used by industries in Vietnam.

PM hosts CEO of International Finance Corporation

Prime Minister Nguyen Xuan Phuc received Philippe Le Houerou, CEO of the International Finance Corporation (IFC) – a member of the World Bank (WB) Group, in Hanoi on August 15.

Hanoi’s smart city project sparks doubts

Four investors from Vietnam and Japan have asked for Hanoi authorities’ permission to develop a smart city capitalized at $4 billion.

Vietnamese economists concerned over bond issuance plan

VietNamNet Bridge - Issuing international bonds means borrowing foreign capital at high interest rates. If capital cannot be used effectively, this will increase the public debt burden.

IFC considers issuing dong-linked international bonds

VietNamNet Bridge - IFC (the International Finance Corporation) has put forward a plan to issue dong-linked international bonds which will be transacted in US dollars in the international market.

IFC commits to Vietnam by buying into TPBank

World Bank Group member IFC now owns some 5 per cent of Tien Phong Bank’s stakes, to further assist the lender in expanding its loan services to better serve growing Vietnamese businesses.

The different fates of enterprises after M&A deals

VietNamNet Bridge - Some businesses have regained their strength after merger and acquisition (M&A) deals because foreign capital was pumped into the companies in a timely manner. Meanwhile, many others still are experiencing tough days.

BUSINESS IN BRIEF 20/12

 Techcom Capital launches Vietnam's first real estate investment trust, IFC, TP Bank boost trade finance for smaller enterprises in Vietnam, Robins stores launch festive promotions, Enthusiasm in Vietnam’s auto market: Financial Times

BUSINESS IN BRIEF 2/5

 Singaporean investors invited to Phu Quoc; WB Group member aids financial access in Vietnam;

Effective equitisation key to SOE reform: IFC official

 Amid rising pressure on State-owned enterprises to reform and critical problems that hinder the process, Ethiopis Tafara, Vice President and General Counsel of the International Finance Corporation (IFC), talked about this issue.

BUSINESS IN BRIEF 1/3

 Vietnam dismisses bitcoin as legal currency; Lotte wants to further operations in Vietnam; IFC helps build more homes for mid-income earners in Vietnam; Cement firms remain stuck; Lower fees proposed for transport firms

BUSINESS IN BRIEF 26/12

 IFC to invest in Vietnamese SMEs; Wood exports to pick up; Hanoi inaugurates its largest entertainment complex; Vietnam sees higher trade surplus; Vietnam ranks third in shrimp exports

The record M&A affair in the banking sector

VietNamNet Bridge - The deal signed today, December 27, between Tokyo Mitsubishi UFJ and Vietinbank can become a record M&A transaction in the financial sector of Vietnam when the investment value is up to $743 million.