ADB approves $20m loan to Hayat Kimya Vietnam

ADB approves $20m loan to Hayat Kimya Vietnam

Aerial view of ADB headquarters. Source: ADB's Flickr stream

The Asian Development Bank (ADB) has approved a loan of about $20 million to Hayat Kimya Vietnam Company Ltd, a manufacturer of women’s and children’s personal hygiene products, according to a disclosure.

The transaction involves an A loan that will be used to finance or refinance the construction of a manufacturing facility, purchase of equipment, and other capital expenditure in Vietnam for the production of baby diapers, wet wipes, and women’s hygiene pads, ADB said.

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