IFC pledges nearly US$1.9 billion of investment in Vietnam

HCMC – The International Finance Corporation (IFC) has pledged nearly US$1.9 billion of investment in new projects in Vietnam in the fiscal year 2023, with US$520 million earmarked for long-term investment. The IFC, a member of the World Bank Group, highlighted Vietnam as one of the top five countries in the Asia-Pacific region to receive substantial long-term investment capital for the fiscal year ending June 30. The aim is to support businesses in their post-pandemic recovery and help them navigate local and global challenges. A significant portion of the US$520 million in long-term investment capital will be directed towards providing funding for small and medium-sized businesses and social home buyers. To date, IFC has committed to providing funding exceeding US$900 million for climate-related projects in Vietnam.