IFC Supports VPBank's Landmark Sustainability Bond, Paving the Way for Green and Inclusive Finance in Viet Nam
Vietnam, Sept. 15 -- Vietnam Prosperity Joint?Stock Commercial Bank (VPBank) has reached a major milestone in its sustainable growth journey with the issuance of a landmark sustainability bond - the first by a private bank in Viet Nam. IFC is investing $200 million in the bond, which will significantly expand VPBank's lending to smaller businesses, especially women entrepreneurs, and create tens of thousands of jobs, while also supporting climate?friendly projects.The five?year, $300 million bond, privately issued to IFC and the French development finance institution Proparco as parallel investors, will finance projects delivering both social and environmental benefits under VPBank's newly established Sustainable Finance Framework (SFF).Of ...
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