ADB provides $300m loan to BIDV to support SMEs in Vietnam

Region:

Asia-Pacific

The Asian Development Bank and Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) have signed a $300 million loan agreement to support small and medium-sized enterprises in Vietnam.

The facility is comprised of a senior unsecured A loan of $200 million provided by ADB and a B loan of $100 million provided by 12 commercial lenders and divided into a three-year tranche and a five-year tranche.

The loan will make ADB the first development finance institution to provide long-term lending to BIDV.

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