VPBank has secured a syndicated loan of up to USD 1 billion, a landmark transaction that marks the largest foreign syndicated loan in Vietnam to date. The loan was arranged, underwritten, and co-lent by leading international financial institutions, including Sumitomo Mitsui Banking Corporation (SMBC), Standard Chartered Bank, MUFG, ANZ, Cathay, Commerzbank AG, CTBC Bank, and Mashreq Bank, and State Bank of India.
This transaction is not only significant for its record-breaking size but also as the largest international sustainable finance-linked loan ever raised by a Vietnamese bank.
The loan represents a strategic step forward in VPBank’s journey to access global capital for sustainable development. This record-breaking deal also signifies an important milestone in the strategic partnership between VPBank and SMBC, as they work together to create new sustainable finance standards in Vietnam.
Building on the successful track record of international sustainable finance fundraisings from leading international financial institutions since 2020, this transaction sets a new benchmark in terms of scale, strategic significance, and global reach for VPBank in the international financial market. To date, VPBank has raised nearly USD 2.8 billion in sustainable finance loans, which have been effectively utilized to support the sustainable development of businesses, especially women-owned enterprises, green projects, and socially responsible financial activities.
“We are proud that this sustainable loan not only sets a new record but also demonstrates VPBank’s strong commitment to accompanying Vietnamese businesses and the economy on their path to sustainable development,” said a VPBank representative. “The participation of leading international financial institutions reflects their growing confidence in VPBank’s financial capabilities, long-term strategy, and brand reputation in the global market.”
The successful syndication of the USD 1 billion loan is a notable outcome of VPBank’s investment roadshow in the first quarter of 2025, which was held in global financial centers such as Singapore, Taiwan, and especially Dubai—the largest financial center in the Middle East. The roadshow aimed to attract the interest of international financial institutions in sustainable finance initiatives in Vietnam.
This event opened up opportunities for direct connections with investors from the Gulf Cooperation Council (GCC)—a political and economic intergovernmental alliance in the region comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. These countries possess substantial financial resources and have a strong orientation towards investing in green and sustainable financial models.
This USD 1 billion syndicated loan is not just a financial milestone but also a strong affirmation of VPBank’s consistent Environmental, Social, and Governance (ESG) strategy: “Sustainable Prosperity.”
With the participation of the world’s leading banks, strong interest from investors in traditional markets, and expansion into the Middle East, VPBank has a solid foundation to believe that this transaction will pave the way for even greater strides in the future. This will serve as a crucial lever to help VPBank expand its international capital-raising scale, optimize its financial structure, and enhance its support for businesses, particularly in the field of sustainable finance.
About VPBank
As one of the earliest joint-stock commercial banks established in Vietnam, VPBank has a 30-year history of sustainable development. VPBank is currently one of the leading commercial banks in Vietnam in terms of total assets, efficiency, and business profitability. The bank has a strong presence in the retail and SME segments and is a pioneer in digital transformation, offering its customers the best and fastest financial products and services.
As of December 31, 2024, VPBank’s consolidated total assets exceeded VND 920,000 billion, placing it among the largest joint-stock commercial banks in Vietnam. VPBank also boasts one of the strongest capital foundations in the country, with equity capital surpassing VND 147,000 billion, leading among private banks. The bank not only complies with capital safety requirements but also significantly strengthens its financial position, creating ample room for future growth.
For more information, please visit: https://www.vpbank.com.vn
About SMBC
Sumitomo Mitsui Banking Corporation (SMBC) is one of the leading commercial banks in Japan. SMBC is expanding its global presence with a network spanning 39 countries and regions, including the Americas, Europe, the Middle East, Africa, Asia, and Oceania.
SMBC and its group companies offer a diverse range of financial services, including savings and loans, securities brokerage and trading, investment banking, securities underwriting, corporate bond trustee services, custody services, financial derivatives, and other commercial banking activities. SMBC is rated “A” by Fitch Ratings and Standard & Poor’s Global and “A1” by Moody’s.
For more information, please visit: https://www.smbc.co.jp/global
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