Finnfund Signs USD 15 Million Loan Agreement with Vietnam's EVF

Finnfund, Finland's state-owned development financier, has signed a USD 15 million senior loan agreement with EVF General Finance JSC, a non-bank financial institution operating in Vietnam. EVF focuses on providing financing solutions to small and medium-sized enterprises (SMEs) and corporate clients.

The financing will be directed towards supporting the growth of women-led businesses and promoting green transition initiatives within Vietnam. This partnership is expected to enhance EVF's capacity to extend its financial services, particularly to underserved segments of the market and enterprises in various sectors across the country.

EVF General Finance JSC is identified as a significant player in Vietnam's financial sector, with a stated growing emphasis on green lending. The institution aims to cater to a diverse range of businesses, contributing to broader economic development and financial inclusion.

Through this agreement, Finnfund aims to bolster financial accessibility for businesses, including those in more remote areas, and support Vietnam's sustainable development objectives. The loan aligns with Finnfund's strategy to promote responsible business practices and economic growth in developing countries.