IFC provides $70m financing to Vietnamese logistics firm ITL

The International Finance Corporation (IFC), part of the World Bank Group, is making its first investment into Vietnam’s logistics sector.

The lender will provide a $70 million financial package to Indo Trans Logistics Corporation (ITL), it said in a statement on Tuesday. The package is an attempt to support Vietnam’s logistics sector and enhance the country’s economic competitiveness amid the turmoil caused by COVID-19.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter