IFC Partners With Saigon-Hanoi Commercial Joint Stock Bank to Boost Lending for Vietnam’s Smaller Businesses

Saigon-Hanoi Commercial Joint Stock Bank (SHB) is the latest Vietnamese bank to join IFC in expanding access to finance for small and medium enterprises (SMEs), especially women-owned businesses.

Under a new deal, IFC is providing a $40 million loan - the first phase of an overall planned $120 million financing package, to help the bank be able to provide more support for local enterprises and boost their participation in the global supply chain.