ADB, VPB ink $500m financial package for women-owned SME's social projects in Vietnam

ADB, VPB ink $500m financial package for women-owned SME's social projects in Vietnam

Photo: Jack Goren on Unsplash

The Asian Development Bank (ADB) and Vietnam Prosperity Joint Stock Commercial Bank (VPB) have signed a loan package of up to $500 million to expand financial access to women-owned small and medium-sized enterprises (WSMEs) and social loan projects in Vietnam.

The financing comprises a $100-million loan from ADB’s ordinary capital resources that will be dedicated to WSME financing, ADB detailed in its announcement on Friday.

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