ADB supports SeAbank to expand trade finance in Vietnam

Region:

Asia-Pacific

The Asian Development Bank has signed an agreement with Southeast Asia Commercial Joint Stock Bank (SeABank) under the Trade and Supply Chain Finance Program to support trade in Vietnam by providing loans and other credit facilities.

ADB will provide guarantees and revolving loans to help SeABank build relationships with global commercial banks. The Trade and Supply Chain Finance Program now works with 14 commercial banks in Vietnam.

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