IFC invests $6.5m in Vietnam’s Pan Pacific

Visual from company homepage

The International Finance Corporation (IFC), a member of the World Bank Group, has invested $6.5 million to support Pan Pacific Corp’s expansion in the agricultural and food sector, a fundamental pillar of Vietnam’s economy that creates jobs and brings in substantial export revenues.

IFC’s equity investment represents about 5 per cent of the share capital of Pan Pacific, a Vietnamese agribusiness and food company established in 1993 and listed on the HCM City Stock Exchange. The financing will help the company realise its long-term strategic plan of acquiring and consolidating more agricultural and food businesses.

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