VP Bank
Introduction
Swedfund has issued a loan to Vietnam Prosperity Joint Stock Commercial Bank (VP Bank) in Vietnam. Swedfund's investment is aimed at increasing access to capital for small and medium-sized enterprises, with a particular focus on women-led and women-owned enterprises, as well as climate finance.
The investment will enable the bank to increase lending to SMEs and climate-related projects. Our investment contributes to private sector growth, socio-economic development and climate finance.
Co-investors include IFC.
Read more in our press release: $25 million investment in Vietnam to create jobs
Facts
SDG in Focus
No Poverty
End poverty in all its forms everywhere.
Gender Equality
Achieve gender equality and empower all women and girls.
Decent Work and Economic Growth
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
Climate Action
Take urgent action to combat climate change and its impacts.
Sector
Financial Inclusion
Financial Inclusion invests in, amongst others, regulated banks and microfinance institutions to reach out more broadly and effectively.
Value creation
Our Impact
Our investment contributes to providing small and medium-sized enterprises with access to long-term finance through loans. This enables economic growth and the creation of jobs and other income-generating opportunities locally. By supporting climate finance, the investment is expected to contribute to a green transition. The investment promotes women as leaders and has products and services specifically targeted at women.
ESG
We are working closely with the bank to further develop its environmental and social management systems. We are also working closely with the bank to develop its anti-corruption management system.
Additionality
Our investment is financially additional as it is made in a challenging context associated with high risk and widespread poverty. The investment is expected to contribute to mobilising capital. The investment is value additional through active value creation, prioritising environmental and social issues, corporate governance, anti-corruption and women's economic empowerment.