The Asian Development Bank says it has signed a $100 million loan with Ho Chi Minh City Development Joint Stock Commercial Bank, or HDBank, to expand finance for micro, small and medium-sized enterprises in Viet Nam, with a focus on women-owned businesses.
How the facility is structured
ADB says at least 40% of its financing will be directed to women-owned MSMEs. The proceeds are to support HDBank’s medium- to long-term lending and be on-lent to eligible businesses under the bank’s sustainable-finance framework.
Acting with Standard Chartered Bank Singapore, ADB says it brought together 29 commercial banks to mobilise another $621 million for HDBank. The release also says technical assistance will support tailored financial products and financial inclusion.
What to watch
The facility gives HDBank a defined pool of capital for women-led MSMEs. The next useful measure will be how that financing reaches businesses and supports their growth.