devinitorg/iati-policy-markers huggingface dataset:
Thien Viet Securities Joint Stock Company Ltd. Founded in late 2006 and capitalized at USD25 million, TVS is one of the youngest players in the top 10 (of 103) securities brokers/investment banks in terms of chartered capital. The Company offers a full spectrum of investment banking and brokerage services with the primary focus on international quality merchant banking and investment banking services, complex M&A/corporate finance transactions targeting at middle-market private companies, as well as both foreign institutional clients on the buy side. In addition to financing, TVS also provides advice to its clients in areas of strategic development, operational management and corporate governance. 


By investing in TVS, IFC will help the young firm to build up its capacity and achieve its objective in becoming a leading local merchant/investment bank of international standards. Like other capital markets in their early stages of development, the practices in Vietnams securities industry fall short of international best practice industry standards. Unlike most other players, TVS sponsors are determined to build up a best practice organization from the upstart and seek IFCs assistance in this area. If TVS is successful with its strategy, this project will have a significant demonstration effect for the whole industry to follow and will allow IFC to expand its support to other major players in the industry.


The Project will be carried out as a part of a larger Vietnam Capital Markets Program. Consequently, the development impact is expected to be achieved at both industry and institutional levels.
RMIT International University Vietnam RMIT Vietnam is a new entity founded by RMIT to develop its university campus in Vietnam. The first phase of the proposed project, after being developed, will be able to accommodate up to 3,000 students and staff. The project will be the first for-profit, wholly foreign-owned university in the country. The government of Vietnam promulgated, on March 6, 2000, a new decree governing wholly foreign-owned, for-profit, medical, educational, and technical training institutions. RMIT Vietnam is the first company licensed under this decree.The project will alleviate the acute shortage of high-quality colleges and universities in Vietnam. Only one out of six applicants can enter a college or a university in Vietnam at present, which leaves every year one million candidates to either prepare for the next year's exams or look for jobs. In addition, Vietnam has a huge shortage of people with foreign languages, business management, computer and other technical skills. The project, by providing degree programs, and short-term foreign languages and professional training adapted to the market needs, will make significant contribution to the development of human capital in Vietnam. It will also make it possible for thousands of Vietnamese students, who do not have the financial means to study abroad, to receive western-style university education in Vietnam. The project will help enhance the quality of higher education in Vietnam by introducing well-developed academic programs, quality assurance systems, and professional management, at the level of those offered in Australia. The project could provide an example to replicate for the Vietnamese regulatory authorities and public universities. The successful implementation of this venture will demonstrate that the environment for foreign investments in Vietnam is improving.
OCB Senior Loan The proposed investment (the Project) consists of a 5-year senior - loan from IFCs own account of up to US$100 million to Oriental Commercial Joint Stock Bank (OCB, or the Bank). Proceeds from the proposed investment will be used to support the growth of OCBs SME loan portfolio. The development impact of the Project is expected to be delivered through improved access to finance for SMEs.
VIB Housing Loan 2022 The proposed investment in Vietnam International Commercial Joint Stock Bank (VIB or the Bank) is a senior loan package of up to US$300 million comprising of: (i) an A Loan, of up to US$ 150 million with a tenor of 5 years, (ii) mobilization of up to US$150 million with a 3-year tenor (B1 Loan and/or Parallel Loans); to support the growth of the Banks housing portfolio (the Project). At least 30% of the loan proceeds will be used for affordable housing.      In the event of an oversubscription, IFC and the Bank reserve the right to increase B1 Loan and/or Parallel Loan amount. The increased amount and the use of the proceeds will be mutually agreed by IFC and the Bank. The development impacts of the Project will be delivered through (i) improved access to finance for homebuyers, and (ii) improved lower-income segments access to housing finance.
WCS Crisis Response OCB The investment consists of a one-year, renewable senior loan of up to US$40 million to Orient Commercial Joint Stock Bank (OCB or the Bank) under the FIG COVID-19 Emergency Response WCS Envelop. The investment aims to support OCBs working capital and trade-related lending program to small and medium-sized enterprises (SMEs) in Vietnam, which have been adversely by the impacted by COVID-19 pandemic. IFCs investment will provide wholesale liquidity to OCB to facilitate the Banks on-lending of the proceeds towards SMEs. The development impact of the proposed project is delivered through (i) improved access to finance/liquidity to relevant stakeholders (OCB, and through them, their customers) which will support their capacity to sustain operations and to expedite post-crisis recover; and (ii) promotion of the resilience of trade finance markets and broader stability in Vietnam.
GSCF VPBank The proposed project (the Project) is up to US$150 million with an IFC investment of up to US$75 million in partnership with Vietnam Prosperity Joint Stock Commercial Bank (VPBank or, the Bank) to provide supply chain finance (SCF) on a portfolio basis for suppliers in Vietnam. The development impact of the proposed project is expected to be delivered through: (i) increased access to finance for supply chain of agriculture export of Vietnam, including SME suppliers and agriculture exporters, and (ii) increased integration in the market via the promotion of supply chain financing.
Goertek Vietnam Loan The proposed investment is a total of US$700 million senior loans, including IFC A plus B loans, to two Vietnam subsidiaries of Goertek Inc. (Goertek, the Sponsor or the Guarantor) for (i) the expansion of an existing production base in Bac Ninh, Vietnam and (ii) the construction of a new production base in Nghe An, Vietnam (together, the Project). Goertek Technology Vina Company Limited (Goertek Bac Ninh) will undertake the expansion in Bac Ninh and Goertek Precision Industry Vietnam Company Limited (Goertek Nghe An) will construct the greenfield in Nghe An (together Goertek Vietnam, the Companies or the Borrowers). Economy wide effects: The Project is expected to support the development of the electronics value chain and contribute to the local economy through increased exports. 

Employment: The Project expects to create about 40,000 direct jobs along with skill training opportunities in the local markets, thus establishing a sizeable talent pool for future development of the local industry. Almost all employees of the Project are expected to be hired locally with female employment as a priority. All of them are expected to undergo professional training conducted by senior engineers and technicians of Goertek. 

Integration: The Project will help a major player in the global electronics value chain to expand into other emerging market, help to formalize the local electronics manufacturing sector up to export standards and enhance the local supply chain linkages. The know-how and expertise will be transferred at a scale needed to jumpstart other competitive manufacturing and supporting industries in the region. Its high E&S standards and production efficiency will also have market-wide demonstration effects and benefit other local players. 

Competitiveness: The Project will develop two full-fledged production sites in Vietnam for localized manufacturing of complicated smart devices and spur the competitiveness and growing innovation in the local economy. It will also facilitate the development of supporting industries by procuring more inputs from local suppliers in Vietnam and build up their capacity to support manufacturing with higher value-add.
CCL Products Ngon Coffee Company Limited, Vietnam (NCL) was established in 2009 as an instant coffee manufacturer in the Dak Lak province of Vietnam. NCL has recently completed the construction of a greenfield instant coffee manufacturing facility with a processing capacity of 10,000 MTPA. It now plans to add ancillary equipment and utilities at the facility and also secure financing for its working capital requirements. Economic value addition and employment generation in Vietnam Expansion of a mid-scale Indian company in Vietnam will have a demonstration effect for other Indian companies considering similar avenues for growth.  Positive environmental impact: Ngon Coffee recycles solid waste generated during the production of instant coffee to be used as biomass fuel, thus conserving scarce fossil fuel and reducing environmental pollution
DCGCapitalMarket The proposed project involves financing of up to US$50 million to Dragon Capital Group (DCG), a holding company for the Dragon Capital group of companies,  with total  assets of US$233 million as of December 2015, and its subsidiary Vietnam Debt Fund SPC (VDeF) and collectively with DCG, the Company). The Company will use the funds to invest in bonds issued by medium to large Vietnamese companies. It would target the private and privatized, listed and unlisted, fast growing companies in need of financing to expand or refinancing situations. The proposed project targets to expand the width and depth of the corporate bond markets in Vietnam, to broaden the investor base of the Vietnamese bond markets, and to support and provide Vietnamese private sector companies with better access to capital. The Project will demonstrate the potential for the corporate debt capital market by mobilizing funds directly from institutional investors to finance private sector activity. The Project will incentivize further financial intermediation to corporate borrowers or issuers and help in diversifying funding sources of Vietnamese corporates.
Sacombank Project Sacombank is the second largest joint-stock banks in Vietnam.  It offers comprehensive commercial banking services primarily to small and medium enterprises (SMEs) and individuals.  HCMC accounts for about 60% of its loan portfolio, while the remaining 40% is spread out in other major cities and provinces of the country.  IFC''s investment intends to help strengthen Sacombank''s capital base and expand its operational capabilities, as well as assist the bank in its ongoing effort to become a well-managed commercial bank operating according to international standards and best practices.      The proposed IFC investment will be part of a planned major capital increase of Sacombank in 2002, which has been approved by the State bank of Vietnam. The project will promote private and foreign participation in Vietnam''s banking sector, enhance the access of Vietnamese private companies to bank financing, and introduce more competition in the banking industry.  In addition to providing equity capital, IFC''s key contribution to Sacombank''s growth will be in the area of corporate governance and management capacity.  This venture will represent IFC''s first investment in the emerging private banking sector in Vietnam.  As such, it represents an opportunity for IFC to assist in the reform and modernization of the Vietnamese banking sector.
AZ/AGF Insurance (Vietnam) Co., Ltd. The company is a fully owned subsidiary of Allianz AG and its affiliate AGF S.A.  In November 1999, the company obtained the license to sell non-life insurance policies to foreign-funded companies in Vietnam.  Presently, the company has obtained government approval to expand its business to domestic companies.  This project will help the only existing non-state owned, non-life insurance company in Vietnam to grow and emerge as a significant player.     Development Impact     Development impact will be measured by the following factors:     growth rates (of premium, assets, profits and other financial indicators) relative to large state-owned insurance companies;   profitability compared with industry average and industry leaders;   share of premium to non-state companies in total premium relative to industry averages and market leaders; and   impact on markets, i.e. increasing market share; mergers with or acquisitions of other small state-dominated insurance companies; pressure on other insurance companies to attract outside investors and adopt similar business practices.      IFCs Role      Although there are a number of foreign insurers that have invested in insurance companies in Vietnam, the company is the only non-life insurance company without state-ownership, as compared to others which have state ownership of at least 50%. IFC will give critical support to the company to grow into a significant player in the local market;   IFCs participation will enhance the credentials of the company by adding diversity to its business expertise through the infusion of an independent investor to its shareholding; and   IFCs participation adds to the companys effort in setting benchmarks for the industry for corporate governance, transparency, and business and accounting practices.
DCM-HDBank ConvDebt The proposed project entails an investment of up to US$95 million by IFC and IFC Asset Management Company (AMC) in a five-year and 1 day Basel II compliant US$ denominated Convertible Tier II Bond issued by Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank or the Bank). The Bank is targeting to raise up to US$200 million through this privately placed issuance with the balance expected to be raised from international investors.   The investment is aimed at strengthening the Banks capital and support increased lending to retail and SME segments including women-owned SMEs (WSMEs). The project is expected to (i) increase access to finance for individuals and SMEs, including WSMEs through both traditional banking and digital platforms and (ii) contribute to market resilience in the Vietnam banking sector by sending a positive signal and boosting investor confidence thus enabling local banks to attract investment needed to build their capital positions and sustain their growth.
Nafoods Group Established in 1995, Nafoods Group Joint Stock Company (Nafoods or the Company) is a small but niche fruit manufacturer and exporter in Vietnam with a leading position in passion fruits. The Company is currently engaged in four business lines: fruit concentrate and puree, individually quick frozen (IQF) fruit products, passion fruit seedlings and more recently, fresh fruits. The Company is operating 2 manufacturing facilities in central and southern Vietnam with a total annual capacity of 12,000 tons of concentrate/puree and 7,900 tons of IQF. It also produces passion fruit seedlings in an area of 6 hectares (ha) in a mountainous area of Nghe An, central Vietnam. For the fiscal year ended December 31, 2017, the Company posted net revenues of US$22.9 million, EBITDA of US$4.2 million and net profit of US$2.9 million.   Nafoods is approaching IFC for support to fund the construction of the second phase of the Long An factory; development of a passion fruit liquid extraction workshop and a packing house in Central Highland; R&D expenses for development of citrus seedlings, implementation of technology for supply chain management and permanent working capital (the Project). Farmer reach: The Project is expected to increase the number of farmers who supply raw materials or are employed at the Company's own land by about 11,500. Much of the Company's operations are located in economically depressed or unproductive areas. Because Nafoods is planning to provide its suppliers with high quality seedlings from own nurseries and guidance on the planting density in exchange for off-take of the crop, the yields can improve from Vietnam average of 15-30MT/ ha to 45-50 MT/ ha. 

Jobs creation and linkages: The Project is expected to create 150 full time equivalent new jobs which represents an above average impact compared to other agribusiness investments of similar size.

Market creation: By supporting Nafoods, IFC is helping to strengthen the image of Vietnam as a reliable global supplier of passion fruit concentrate. In particular, the work planned by the Project to help rationalize the supply chain will also be beneficial to the broader sector. The resulting efficiencies are expected to both facilitate competition and put a pressure on less efficient smaller players (encouraging consolidation) and promote better practices throughout the value chain. Specifically, other passion fruit producers are expected to improve their traceability and food safety practices to match the efforts being undertaken by Nafoods.
Techcom EE RSF Techcombank is the third largest private joint stock bank (JSB) by assets, with a market share of approximately 4%, operating through a network of 186 branches and transactional offices. The Bank offers comprehensive range of banking services primarily to SMEs, households and individuals. 

The proposed investment consists of a $25 million A loan to Technological Joint Stock Commercial Bank(Techcombank or the Bank) to support the Banks financing of eligible projects of energy efficiency (EE) improvement in the industrial, commercial and residential areas, and cleaner production (CP). Techcombank is expected to build up a CPEE loan portfolio that would be double the size of the IFC investment. Environmental benefits  By providing CPEE financing support to the efficiency improvement of energy and other resource uses, this Project will help Viet Nam reduce the emissions of carbon dioxide and greenhouse gases, and significant savings in the use of raw material, water and other limited resources through the improvement of efficiency.
SME access to finance - In Viet Nam, SMEs have been traditionally perceived high risk by financial institutions, therefore did not receive sufficient financing support. Moreover, CPEE financing is more unattainable to SMEs.  This Project will provide CPEE financing support to mostly SMEs through the local FI partner, which will break through the misconception and build a model for other financial institutions.
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         International Finance Corporation (IFC) is considering an investment in the form of senior loans of up to US$150 million, consisting of (i) an A Loan of up to US$40 million; and (ii) a B Loan and/or Parallel Loan of up to US$60 million with a greenshoe option of up to US$50 million to An Binh Commercial Joint Stock Bank (ABBank or the Bank). Through the investment, IFC will support the Bank's growth strategy to expand its financial products and services to small and medium enterprise (SME) and micro SME borrowers, including women-owned SMEs, which will in turn increase financial inclusion, create jobs and reduce poverty in Vietnam. The Project will be potentially supported by IFC's Women Entrepreneur Opportunity Facility (WEOF). Project Impact:
Stakeholders - Through this investment, IFC anticipates the project will increase ABBank's ability to provide access to financial products and services to MSMEs and SMEs including women-owned SMEs. The project may also support improvements in affordability of loans in Vietnam. Potential advisory component may improve skills related to SME banking and banking on women.
 
Market Impact:
Inclusiveness - The current MSMSE Finance Gap in Vietnam is 11 percent of GDP. IFC anticipates that the project will increase access to financial products and services for under-served groups including women entrepreneurs, which in turn is expected to improve financial inclusion, employment and reduce poverty in Vietnam. 
Competitiveness - Driven by demonstration effect, as this would be the second banking-on-women project in the country, it could bring other banks to this space and improve the product offering for women SMEs and SMEs in general; thus, closing the financing gap.
SeABank Housing The proposed investment is a senior loan of up to US$100 million for a tenor of up to 5 years to Southeast Asia Commercial Joint-Stock Bank (SeABank or the Bank), with the proceeds exclusively used for supporting the growth of the Banks housing portfolio, including affordable housing (the Project). Stakeholder effects: Increased access to housing finance. IFC anticipates that the Project will help address the lack of mortgage finance in Vietnam, particularly for the middle- and lower-income segments. 
Market Creation Competitiveness: IFC anticipates the investment will demonstrate the commercial viability of housing finance, including for the middle- and lower-income earners, and will result in greater market competitiveness through demonstration and replication.
VPB SrLoan2022 The proposed project (the Project) consists of a 5-year senior loan package of up to US$225 million comprising of: (i) an A Loan of up to US$150 million from IFCs own account, and (ii) mobilization of up to up to US$75 million, to Vietnam Prosperity Joint Stock Commercial Bank (VPBank, or the Bank) to support the growth of the Banks SME portfolio, with relevant focus on women-led/owned SMEs (WSME) financing and eligible climate-related projects with focus on projects financed by SMEs. The development impact of the proposed project is expected to be delivered through: (i) Increased access to finance for SMEs and WSMEs, (ii) Increased access to climate finance with a focus on SMEs access to green finance, thereby promoting green finance products by SMEs, (iii) expected reduction in GHG emissions, and (iv) promotion of international green lending principles in Vietnam.