Vietnam Prosperity Joint Stock Commercial Bank (VPBank), along with Sumitomo Mitsui Banking Corporation (SMBC) and other global partners, have announced a $350-million loan to fund Vietnam’s green growth.
The partners include bilateral agencies and development finance institutions including the Japan International Cooperation Agency (JICA), Development Finance Institute Canada (FinDev Canada), Export Finance Australia (EFA), and British International Investment (BII). SMBC acted as coordinator and mandated lead arranger for this financing.
The loan with a five-year maturity serves as a significant funding source to support VPBank’s sustainable finance strategy, focusing on three key pillars: social finance, green finance, and financing for essential infrastructure development.
This is a landmark collaboration involving four bilateral agencies and is one of the largest multi-agency financings for a Vietnamese joint stock commercial bank to date.
It is also the first direct debt investment by BII and first on-lending facility for EFA in Southeast Asia’s financial institutions sector.
This financing commitment further supports Vietnam’s national objectives to foster inclusive economic development, green growth, and critical infrastructure expansion.
The proceeds will be allocated to green projects that support Vietnam’s commitment to achieving net zero emissions by 2050; to support small and medium-sized enterprises (SMEs), especially those owned or led by women, in line with the global 2X Challenge for gender equality; and to vital infrastructure projects in underserved areas.
“This successful funding from leading Development Finance Institutions and bilateral agencies reaffirms VPBank’s financial strength, long-term strategic vision and strong international reputation in sustainable finance. The facility will allow the bank to expand its green and social lending portfolios while demonstrating a strong commitment to inclusive growth,” said Nguyen Duc Vinh, Chief Executive Officer, VPBank.
“SMBC is very proud to have collaborated on this landmark facility with VPBank, JICA, FinDev Canada, EFA, and BII. This transaction demonstrates the importance of partnerships to create positive impact on local communities and emerging markets,” said Carsten Stoehr, Executive Officer, Deputy Head of Asia Pacific Division, SMBC.
VPBank is one of Vietnam’s earliest joint-stock commercial banks. Earlier in the first half of 2025, VPBank published its first standalone Sustainability Report following international standards and successfully secured a record $1 billion syndicated green loan—the largest ever raised by a private entity in Vietnam.
