An additional $100 million in green credit loans.

SGGPO 06/11/2023 16:33

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.

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.

Source: https://www.sggp.org.vn/them-100-trieu-usd-cho-vay-tin-dung-xanh-post712979.html