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The Netherlands Enterprise Development Bank (FMO) and the Netherlands Climate and Development Fund (DFCD) are expected to provide Vietnam Maritime Commercial Bank (MSB) with a $100 million loan over a period of up to nine years, aimed at financing small and medium-sized enterprises (SMEs) and green projects.
MSB and FMO recently signed a Letter of Intent on cooperation in medium- and long-term lending, witnessed by the Prime Ministers of Vietnam and the Netherlands, representatives from ministries and agencies of both countries, and approximately 300 businesses from both sides.
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MSB will receive $100 million in funding from a Dutch bank to finance green projects. |
With this collaboration, FMO and the Netherlands Climate and Development Fund (DFCD) plan to provide $100 million in funding over a period of up to 9 years, aimed at supporting small and medium-sized enterprises (SMEs) and green projects.
To receive this funding, MSB had to meet and commit to environmental and social (E&S) criteria, as well as the bank's orientation towards increasing the importance of environmental and social factors in its operations.
According to MSB leaders, signing the Letter of Intent on medium- and long-term lending cooperation with FMO provides MSB with additional resources to boost its strategic business segments.
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