IFC increases trade finance limits to support Vietnamese businesses amid Covid-19
The increased total limit of US$294 million will enable these banks to improve their capacity to cover payment risk in granting trade financing to local companies, mostly small and medium enterprises.
05:53, 2020/01/30
World Bank issues first green loan to Vietnam
Green project financing has become a global trend in the banking and finance industry and it opens another channel for Vietnam to pursue green growth.
11:33, 2020/01/14
IFC no longer major shareholder of Vietinbank
After the transactions, the International Finance Corporation (IFC) and IFC Capitalization Fund now hold 185.8 million shares, or a 4.99% stake.
16:55, 2019/11/20
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.
10:29, 2019/11/08
IFC wants land use rights as collateral for loans in Vietnam
Vietnamese law does not allow multilateral international financial institutions such as IFC to use red book, or land use rights certificate, for collateral loans.