TPBank secures 120 million USD long-term loan from JICA
The Japan International Cooperation Agency (JICA) officially signed a loan agreement with the Tien Phong Commercial Joint Stock Bank (TPBank) under the Private Sector Investment Finance (PSIF) project on January 14.
TPBank secures 120 million USD loan from JICA. (Photo courtesy of JICA)
Hanoi (VNS/VNA) - The Japan International Cooperation Agency (JICA) oไfficially signed a loan agreement with the Tien Phong Commercial Joint Stock Bank (TPBank) under the Private Sector Investment Finance (PSIF) project on🔜 January 14.
This initiative, co-financed by the US International Development Finance Corporation (DFC), aims to enhance financial inclusion through digital banking in Vietnam, with a total loan value of 120 million USD.
The project seeks to improve financial access for micro, small and medium-sized enterprises (MSMEs) and low-income individuals in Vietnam by providing loans to TPBank, a domestic commercial bank, to expand financial accessibility for these groups.
The loan will enable TPBank to extend credit to MSMEs and low-income individuals. Notably, at least 30% of the loan value from JICA will be allocated to MSMEs through TPBank's digital banking channels. Additionally, at least 30% will be directed to MSMEs owned by women or to female customers in low-income groups.
This project aligns with the UN's Sustainable Development Goals 8, 9 and 17, which focus on economic growth, industry, innovation and infrastructure, as well as partnerships.
The initiative is part of the Financial Access for Inclusive Finance mechanism established in May 2023, underscoring efforts to drive sustainable and inclusive economic development in Vietnam./.
The Japan International Cooperation Agency (JICA) in Vietnam is stepping up activities and projects as part of its agricultural cooperation programmes with the Vietnam Agricultural Extension, JICA Deputy Chief Representative Kubo Yoshitomo has said.
The Japan International Cooperation Agency (JICA) Vietnam has disbursed some 10.8 billion JPY (75 million USD) worth of ODA in Vietnam, exclusive of funding for the private sector, between April 2021 and March 2022, according to Chief Representative Shimizu Akira.
To effectively prevent urban flooding, Vietnam needs to develop a comprehensive long-term drainage plan, medium-term implementation strategies, and efficient infrastructure management, according to Norihide Tamoto, an expert of the Japan International Cooperation Agency (JICA).
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
