VPBank secures landmark $1 billion syndicated loan to advance sustainable finance in Vietnam

Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has successfully executed a landmark international syndicated loan transaction with an initial value of $1 billion, accompanied by an upsize option based on the bank’s future funding requirements.

The facility was arranged, underwritten, bookrun, and co-financed by a syndicate of prominent global financial institutions, including Sumitomo Mitsui Banking Corporation (SMBC), Standard Chartered Bank, MUFG, ANZ, Cathay United Bank, Commerzbank AG, CTBC Bank, Mashreq Bank, and State Bank of India.

This transaction represents the largest syndicated loan ever secured by a Vietnamese bank, and also stands as the most significant foreign loan to date dedicated specifically to advancing sustainable finance in Vietnam.

The transaction reflects VPBank’s ongoing efforts to broaden access to international capital to fund its sustainable development goals. It also highlights the strengthening strategic collaboration between VPBank and SMBC, its strategic investor, as both parties continue to set new benchmarks for sustainable finance in the Vietnamese market.

The deal follows a series of successful sustainable financing initiatives by VPBank in recent years, pushing the envelope in terms of scale, impact, and international reach. Since 2020, VPBank has mobilized approximately $2.8 billion in sustainable capital, channeled into supporting women-led businesses, green projects, and socially responsible initiatives.

“This landmark transaction is a source of great pride for VPBank, as it not only sets a record in terms of value but also demonstrates our unwavering commitment to accompanying Vietnamese enterprises and the broader economy on the path toward sustainable development,” stated a representative from VPBank. “The strong participation of leading global financial institutions is a clear reflection of their growing confidence in VPBank’s financial strength, long-term vision, and brand credibility on the international stage.”

The successful syndication comes on the back of a series of high-level investor roadshows hosted by VPBank in early 2025, held in global financial centers such as Singapore, Taiwan (China), and notably Dubai - the Middle East’s leading financial hub. These efforts aimed to attract institutional investors’ attention to Vietnam’s sustainable finance narrative.

Of note, the Dubai event enabled direct engagement with investors from the Gulf Cooperation Council (GCC) - an alliance comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates - regions with ample financial resources and a growing appetite for green and sustainable finance.

The $1 billion syndicated loan is not only a major financial milestone for VPBank, but also serves as a powerful reaffirmation of its Environmental, Social, and Governance (ESG) vision: Prosperity through Sustainability.

With participation from some of the world’s most reputable banks, and growing interest from both traditional and emerging capital markets, including the Middle East, VPBank is well-positioned to harness this momentum, expand its global capital-raising capacity, strengthen its capital base, and better support enterprises pursuing sustainable growth.

About VPBank

Founded as one of Vietnam’s earliest joint-stock commercial banks, VPBank has built a solid track record over the past three decades. Today, it ranks among the country’s top commercial banks by total assets, efficiency, and profitability. The bank maintains leadership in the retail and SME segments and is at the forefront of digital transformation, delivering fast, convenient financial solutions to customers.

As of December 31, 2024, VPBank’s consolidated assets surpassed VND920 trillion ($36.8 billion), making it one of the largest joint-stock commercial banks in Vietnam. Its equity stood at over VND147 trillion ($5.88 billion), the highest among privately owned banks nationwide. The bank not only meets but exceeds regulatory capital requirements, having built a solid balance sheet to support future growth.

For more information, please visit: https://www.vpbank.com.vn

About SMBC

Sumitomo Mitsui Banking Corporation (SMBC) is a major Japanese commercial bank with a wide global footprint across 39 countries and territories, covering the Americas, Europe, the Middle East, Africa, Asia, and Oceania.

Together with its affiliates, SMBC provides a full spectrum of financial services, including deposit-taking, lending, securities brokerage, investment banking, foreign exchange, custody, guarantees, and other commercial banking solutions. The bank holds long-term credit ratings of “A” from Fitch Ratings and S&P Global, and “A1” from Moody’s Investors Service.
For more information, please visit: https://www.smbc.co.jp/global