VIB obtains $260mln syndicated loan

The Asian Development Bank (ADB) and the Vietnam International Bank (VIB) have announced a three-year $260 million syndicated loan agreement to improve access to finance for SMEs and individual entrepreneurs. VIB will also implement a technical support program for female entrepreneurs, with a budget of $500,000. This is ADB’s first technical assistance provided to a Vietnamese bank to promote women’s entrepreneurship.