devinitorg/iati-policy-markers huggingface dataset:
VEIL/Dragon Capital Group DCGL was established in BVI in 1994 with operational interests in Vietnam. In 1995, DCGL established VEIL whose objective is to invest, directly or indirectly, in publicly or privately issued securities (equities and bonds) of companies, projects, and enterprises issued by Vietnamese entities, whether inside or outside Vietnam, usually via equities or convertible bonds with the preferred exit strategy of a listing on a local exchange. As with previously executed investments in the financial sector of developing markets, IFC is acting as an institution builder, neutral broker, and catalyst.     The objectives of this project are to: (1) support the Vietnamese government''s recent market reform initiatives, and (2) promote the development and increase the liquidity of the Vietnamese securities market. These objectives are envisaged to be achieved by: (1) increasing the participation of VEIL in the equitisation process by strengthening VEIL''s capital resources and encouraging the fund to list its portfolio on the local securities exchange, thereby promoting its development and increasing its liquidity, and (2) furthering good corporate governance in DCGL, making it an example to be emulated by Vietnamese companies.     The project presents an opportunity for IFC to strengthen DCGL with the aim of introducing best practices in Vietnams fledging merchant banking industry by: (1) increasing VEILs participation in the equitisation process by strengthening its capital resources; (2) through the induction of IFC and the co-investor, implementing good corporate governance as an example that can be emulated by Vietnamese companies and; 3) playing a catalytic role to assist DCGL & VEIL to induce additional investments mainly from international institutional investors.  IFCs involvement will also signal to the market IFCs confidence in the development potential of the Vietnamese capital market.    IFC''s investment will: (1) catalyze institutional investors interest; (2) through VEIL, promote and develop Vietnam''s private sector and capital markets; and (3) assist in the development of VEIL as an access vehicle for institutional investments into Vietnam. This project will indicate IFC''s confidence in the future of the Vietnamese market and highlight IFC''s support of the Vietnamese government''s in its efforts to reform the financial sector.
Thien Minh II Thien Minh Group (TMG or Company) is one of the largest private sector integrated tour and hotel operator companies in Vietnam. In 2010, IFC made its first investment of US$12 million in a convertible loan to fund part of the Companys acquisition costs of the Victoria hotel chain in Vietnam.   TMG is undertaking a long term strategic plan to expand both the tour and the hotel business by: (i) developing a branded three star hotel chain across major cities in Vietnam; (ii) scaling up the four-star Victoria hotel chain to major cities and tourist destinations in Vietnam; and (iii) diversifying its tour product portfolio by adding additional services. The proposed project is to provide equity financing to TMG to fund its new projects. Demonstration effect: The Project will have a significant demonstration effect by establishing viability of green buildings in Vietnam. TMG is committed to having a number of its projects meet IFC''s Green Building Standards, thereby demonstrating that it is possible to adopt energy and water conservation measures in the hotel sector.  Improve tourism infrastructure: The use of proceeds will primarily be used for the development of three and four star hotels, which will increase much needed supply for hotel rooms in this category, thereby increasing private sector lead improvements in the tourist infrastructure.   Employment creation and local linkage: The Project will create a number of direct and indirect jobs, as well as demand for locally sourced materials, services and labour, for the local economy.  Foreign exchange and tax generation: The Project is expected to contribute to the domestic economy through increased tax revenues and foreign exchange inflow, as a significant of TMG''s hotel guests are foreign nationals.
Thien Minh Group Thien Minh Travel Joint Stock Company (Thien Minh, Thien Minh Group or the Company) is a leading Vietnamese destination management company that provides tour, hotel and transportation operations as well as travel agency services.  The project is to support Thien Minh to strategically develop its hotel operations business in Vietnam, potentially through acquisition of assets of a foreign hotel group (the Project). The Project is expected to have significant development impact as described below:

i) Income and Foreign Exchange Revenue:  The Project will generate benefits to the Vietnamese government including tax revenue and foreign exchange inflow, particularly as a significant portion of the hotel guests are foreign nationals and the majority of hotel revenues are paid in foreign currency.

ii) Employment:  The Project provides permanent employment opportunities in hotel management, of which a significant portion are to local staff including a number of female employees.   

iii) Staff Training/Knowledge Transfer:  The Foreign Group will continue to provide hotel management training to its own local staff and will also provide cross-fertilization of knowledge transfer via staff training to other lower-tier hotel properties owned by the Thien Minh Group.

iv) Purchases from Local Suppliers:  The successful implementation of the Project will also ensure continued and increased local supply purchases (food and beverage, supplies and other local services rendered during hotel operations).

v)  Environmental and Social Management System:  The Project, through IFC's support to put in place an appropriate environmental and social management system, will help to ensure implementation of proper World Bank Group life, fire and safety procedures at all of Thien Minh Group's hotel properties.
Vina Eco Board Co., Ltd. Founded in 1691 in Japan, Sumitomo Forestry Co, Ltd. (SFC or the Sponsor) is one of the most experienced companies in sustainable forest and plantation management, wood products and wood-based housing sectors.  SFC is planning to invest in a USD 93 million project to establish a greenfield particleboard plant with an annual capacity of 250,000 m3 near Ho Chi Minh City, Vietnam (the Project). 

The Project will increase Vietnams particleboard production capacity, responding to the growth outlook of Vietnams furniture and wood processing sector and current limited particleboard production capacity available in Vietnam. (i) Climate Change Mitigation: Through the Project, IFC will support positive climate change impact linked to sourcing of waste wood and use of bio-mass based power plant.
(ii) Employment: The Project will generate about 200 jobs at the Project site and also indirect employment through linkages to farmers who will supply part of the wood raw materials to the Project.  In the future, the Company is considering supporting farmers in sustainable plantation by working with local government agencies and research institutes and providing advice and seedlings.  
(iii) Development of Local Industry: The Project will support the development of local wood processing industry by establishing the first particleboard facility in Vietnam. From construction phase to operational stage, SFC will bring in its first class expertise and quality management system, which is expected to have demonstration effect to the local industry.
ITL Project Indo Trans Logistics (ITL), founded in 2000 with the headquarters in Ho Chi Minh City, Vietnam, is one of the leading logistics companies in Vietnam. Over the years, through organic growth, selective acquisitions, and strategic partnership with key logistic players, ITL has become the logistic solutions provider for integrated 3PL logistics, aviation services, freight forwarding, warehousing and contract logistic in Vietnam.  ITL has 81 offices servicing more than 30 cities across Vietnam, Cambodia, Laos, Myanmar, Thailand, and Singapore. It has 17 subsidiaries and 7 associate companies.   ITLs business is divided into the five main segments:  - Aviation Service: ITL is acting as General Sales and Services Agent (GSSA) for air cargo handling around 200 flights per week in Vietnam and Indochina. In addition to cargo sales, ITL also provide value-added services to air cargo (space management, load distribution, cargo checking etc.)   - Freight forwarding/ Transportation: ITL offers air and sea freight management, multi-modal transport, road haulage, railways, and customs brokerage.   - Warehousing/ Contract Logistics: ITL provides logistics solutions to customers, including warehousing and inventory management, distribution and transportation.  - Visa Application Center: ITL provides visa application services to consular sections as a sub-contractor for VFS Global  a global company on visa application services).   - Express delivery services: ITL provides express delivery services / cross-border delivery service for e-commerce markets. The Project will support the transition of a domestic logistic player in Vietnam (via investment and acquisition) into an integrated service provider capable of delivering higher quality and efficient solutions to meet Vietnam's growing demand for logistics services. The main project-level effect is on stakeholders through improved access and quality of service for customers. Beyond the Project, the main source of expected market impact is contribution to market competitiveness via demonstration effects by supporting the development of a holistic logistics platform providing high-value-added services.
VI (Vietnam Investments) Fund I, L.P. Vietnam Investments Fund I, L.P. (VI I or the Fund) is a seven-year closed-end private equity fund formed by the Vietnam Investments Group (VI Group or the Manager), which is seeking up to $100 million in capital commitments to make equity and equity-linked investments in private companies as well as the privatization of State-Owned Enterprises (SOEs) in Vietnam. An IFC investment in VI I is expected to deliver the following development impact: 

- Stimulate private sector growth  the Fund is expected to expand access to financing by private enterprises (including SMEs) and promote SOE privatization in Vietnam. 
- Improve corporate governance  the Fund is expected to help portfolio companies adopt better practices in corporate governance, environmental and social standards. 
- Develop non-bank financial institutions  the Fund, if successful, will prove the viability of private equity as an asset class in Vietnam and encourage more private equity funds to be established in the country.
PMH Property Phu My Hung Development Corporation (PMH or the Company) is a Vietnamese property developer with its flagship development of Phu My Hung township in the outskirts of Ho Chi Minh City (HCMC). The Company is looking to expand through the development of (i) a new master-planned ecological township in Hoa Binh, as well as (ii) residential projects in HCMC targeted at the local population (the Project). 1.	Job creation: The Project will create direct and indirect jobs through the development of the townships and purchases from local suppliers during and after construction. 
2.	Improved quality of life: PMH's developments create integrated and environmentally sustainable townships in Vietnam, which in addition to housing also includes commercial areas, public facilities, hospitals, schools and sports facilities. 
3.	Increase access to housing: The Project is expected to supply more than 5,000 housing units within the next 5-7 years.
VI Fund II Project Vietnam Investments Fund II L.P. (VI II or the Fund) is a ten-year closed-end Vietnam-focused private equity fund. The Fund will make equity and equity-linked investments in Vietnamese private companies as well as State Owned Enterprises undergoing privatization. Investment in the Fund is expected to deliver strong development impact as it would: (i) support an IDA country, (ii) create employment, (iv) improve access to debt finance for the Fund's investees, (iii) support promising local fund manager and (v) help develop the private equity industry in Vietnam.
SeABank Project The investment is in the form of a senior loan of up to US$130 million, consisting of (i) up to US$80 million IFC A Loan from its own account, and (ii) up to US$50 million B1 Loan and/or Parallel Loan including a green-shoe option to Southeast Asia Commercial Joint Stock Bank (SeABank or the Bank). The proceeds of IFC financing would be used to support the Bank grow its eligible climate-related projects, SME, women-owned SME, and retail portfolio. The project is expected to be supported by the Women Entrepreneurs Finance Initiative (We-Fi) as described in the Blended Finance Section.  In addition, IFC is considering to establish a trade finance guarantee facility for the Bank in the amount of US$20 million under the IFC Global Trade Finance Program (GTFP). The development impact of the proposed project is delivered through (i) improved access to finance for climate businesses and local SMEs, (ii) capacity building through parallel advisory support, (iii) expected reduction in GHG emissions, and (iv) promotion of international standards and best practices in gender and climate financing.
AC Energy Green Bond AC Energy, Inc. (ACE or the Company) is a wholly-owned subsidiary of Ayala Corporation (Ayala) in the Philippines that engages in power generation. Since 2011, ACE has invested around US$1 billion in the power sector in the Philippines, Indonesia and, more recently, in Vietnam and Australia. It currently co-owns ~4GW (~1.8GW pro-rata share) of generation capacity in operation or under construction, including thermal, wind and solar assets in the Philippines, wind and geothermal assets in Indonesia, as well as solar assets in Vietnam.   IFC will make an anchor investment of US$75 million in the total US$300 million 5-year green bond (the Green Bond) public issuance by AC Energy Finance International Limited (the Issuer), a Cayman Islands wholly-owned subsidiary of ACE, listed on the Singapore Exchange. ACE will guarantee the Green Bond. The proceeds of the Green Bond will be used as ACEs equity and development capital for its renewable energy (RE) projects in the Philippines, Indonesia, Vietnam, Australia, and in other countries where ACE may operate. IFCs subscription to the Green Bond would be dedicated to RE projects in Vietnam only. The main project-level outcome is contributing to the stakeholder impacts by addressing the growing electricity demand supply gap in Vietnam as well as the environmental impact of displacing 351,195 tons of CO2 emissions each year. Beyond the Project, the expected market-level impact is through improving market competitiveness through supporting private sector investment in Vietnam's energy sector. In addition, the Project is expected to contribute to market sustainability with strong demonstration effects of supporting the RE generation in the very nascent market in Vietnam.
Nam Long Housing Established in 1992, Nam Long Investment Corporation (the Company), is one of the leading residential real estate developers in southern Vietnam. The Company operates two key lines of business: (i) affordable housing that targets low to mid income and first time home buyers and (ii) development of townships which comprises mid-high end apartments and townhouses.   The Company is seeking to raise up to VND 459 billion (approximately US$21.6 million) to finance the expansion of its affordable housing business which includes but not limited to the following developments: North Saigon EHome 4, Bridge View EHome 5, Golfview EHome 6, and Greenhill EHome 7 (the Project). Access to quality and affordable housing: The project will add a significant number of affordable housing units in Vietnam, an IDA country; improve living standards of the lower income population by giving them access to quality and affordable housing.   Infrastructure development: affordable/low income housing is currently under-supplied in Vietnam. Governmental support for the sector has been fairly weak and the Project will help improve the infrastructure for the low to middle income earners. Being a pioneer in developing affordable housing in Vietnam Nam Long will encourage other investors to serve the mid-low income population.  Employment creation and SME linkages: The Project will help create significant number of direct and indirect employment opportunities for the local communities as well as demand for locally sourced materials, services and labour both during and after construction phase; hence benefit the local community and SMEs.  Inclusiveness: Some EHome projects will be built in the suburb areas of Ho Chi Minh city or second tier cities; hence promote inclusive economic growth.
VIB Housing 2023 The proposed investment (the Project, or the Proposed Investment) is a 5-year senior unsecured USD-denominated loan from IFCs own account of up to US$100 million to Vietnam International Commercial Joint Stock  Bank (VIB or the Bank) to support the growth of the Banks housing portfolio, including affordable housing. IFCs proposed investment will consist of an A Loan of up to US$100 million. The development impacts of the proposed Project are expected to be delivered through (i) improved access to finance for homebuyers; and (ii) improved lower-income segments access to housing finance. 
The proposed IFC investment comprises a senior unsecured loan package to VIB to support the growth of the banks retail housing and retail lending portfolio. The Project is expected to increase access to residential mortgage finance in Vietnam, including affordable housing.
Paul Maitland Paul Maitland International Inc. (PMI or the company) is a BVI registered company with three manufacturing facilities in Vietnam and is one of the largest furniture manufacturers in Southeast Asia with 9,000 employees worldwide, 8,900 of which are based in Vietnam.  The company manufactures high quality European style furniture under the trade names of Theodore Alexander and Atelier De La Madeleine.  

The purpose of the project is to help PMI fund additional working capital which is largely driven by the introduction of a new product line and to help the company maintain its competitive advantage which stems from its superior product design capabilities, well-established customer network, high quality production, and ability to serve customers by providing full furniture packages.
DCG Vietnam Debt Fund C The proposed investment comprises of a 5-year senior loan of up to US$75 million, consisting of (i) an up to US$50 million IFC A Loan from its own account, (ii) an up to US$25 million from IFC acting in its capacity as implementing entity for the Managed Co-Lending Portfolio Program to Vietnam Debt Fund Segregated Portfolio C (VDeF C or the Fund), a segregated portfolio to be established by Vietnam Debt Fund SPC (VDeF SPC), a subsidiary of Dragon Capital Group Limited (DCG or the Sponsor). VDeF C targets to have a fund size of up to US$120 million. VDeF SPC currently holds two portfolios concentrating in investments in corporate bonds issued by Vietnamese mid and large size private companies.  VDeF C will be established with 25% of the total fund size contributed in the form of equity from DCG itself. In addition to the senior loan, IFC will mobilize up to US$30 million from other investors to the Fund. Through the investment, IFC will support a reputable fund management group with strong in-house capacity to assess Vietnamese local businesses, in contributing to the demand side of the market and facilitate expansion of the supply side through its work with first-time issuers. The development impact of the proposed project is delivered through (i) increase access to capital markets for local corporates by allowing non-bank local corporates to access longer term funding through bond issuances, and (ii) increase participation of non-banking institutional investors in corporate bond issuances.
Sacombank Long Term funding FY 07 The project involves a local currency, long-term financing package for up to $50 million equivalent to Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank or the Bank), a longstanding IFC client and a leading commercial bank in Vietnam.  The funds will be used by Sacombank to support the growth of its housing finance lending operations.  The tenor of the proposed funding is expected to be between 10-15 years, with a grace period of up to 2 years.  The funds are expected to be provided by one or several local life insurance companies, backed by an IFC credit-linked guarantee, or directly by IFC. The project is expected to have the following impacts:  - Expansion of Sacombanks housing finance activities:   By providing long-term, local-currency funds to Sacombank, the project will help the Bank to expand its mortgage operations on a prudent basis, by allowing it to reduce the maturity mismatch between its assets and liabilities.  - Increasing access to housing finance:   In supporting the development of long-term mortgage lending, the project will increase the availability and affordability of housing finance for Vietnamese households.  - Development of new financial investments:  The project will provide an additional long-term investment option for life insurance companies and other institutional investors in Vietnam.  - Financial Innovation:  The project will be the first use of a credit-linked guarantee in Vietnam and could have a demonstration effect for further investments.