2025.01.15
On December 6, 2024, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Tien Phong Commercial Joint Stock Bank (hereinafter referred to as “TPBank”), for Private Sector Investment Finance Project, and held the signing ceremony on January 14.
The loan is co-financed with the United States International Development Finance Corporation (DFC).
Signing ceremony
・Borrower
Tien Phong Commercial Joint Stock Bank
・Country (Target Areas)
Socialist Republic of Vietnam
・Loan Amount
120 million USD
・Project Title
Project for promoting financial inclusion through digital banking in Vietnam
・Project Purpose
The Project aims to improve access to finance for micro, small, and medium-sized enterprises (MSME) and Low-Income Individuals in Vietnam by providing loans to TPBank, a local commercial bank in the country, thereby contributing to improving access to finance for MSME and Low-Income Individuals.
・Project Component
The Project provides loans to be sub-loaned through TPBank to MSME and Low-Income Individuals. At least 30% of JICA loan will be utilized for loans to MSMEs through TPBank’s digital banking channel. Also, at least 30 per cent of JICA loan is utilized for loans to Women-Owned MSMEs or Women Low Income Customers.
・Contribution to SDGs
Goal 8 (Decent work and economic growth)
Goal 9 (Industry, Innovation and Infrastructure)
Goal 17 (Partnerships for the Goals)
・Reference
This project is positioned under the Facility for Accelerating Financial Inclusion (FAFI), established in May 2023.
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