50407 - GTFP MSB VIETNAM

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Summary of Investment Information

Project Number

50407

Company Name

VIETNAM MARITIME COMMERCIAL JOINT STOCK BANK

Date SPI Disclosed

Apr 15, 2025

Country

Viet Nam

Region

East Asia and the Pacific

Projected Board Date

May 15, 2025

Environmental Category

FI-3 - No Impact

Status

Pending Disbursement

Last Updated Date

Nov 19, 2025

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Nov 11, 2004
Signed : Aug 19, 2024

Sector

Commercial Banking - Trade

Project Description

The proposed investment in Maritime Commercial Joint-Stock Bank (“MSB” or the “Bank”) is a Global Trade Finance Program (“GTFP” or “Program”) with an initial limit of US$60 million for a tenor of up to 12 months. The GTFP facility will assist MSB in broadening its client base by supporting its trade finance operations, financing a larger number of importers and exporters, including small and medium-sized enterprises (SMEs). Additionally, it will strengthen the Bank's connections with a global network of correspondent banks and markets.

Associated Advisory Engagement

In Feb 2025, IFC signed with MSB an Advisory agreement which IFC support MSB in building a Sustainable Finance Framework and the capacity of its staff in connection with the framework.

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee	7000.0
Loan
Equity

Development Impact

In emerging countries, such as Viet Nam, GTFP builds, protects, and deepens trade finance networks by continually enabling individual trade transactions, which slowly builds resilience of trade networks, trade, and income to these economies. IFC’s guarantees are especially critical to support trade for low income countries, where the risks are perceived to be high. Additionally, IFC’s presence as a provider of guarantees will help MSB to connect with new banks, maintain and strengthen their existing network of correspondent banks, and gain trade finance experience.

The structure of GTFP, through its extensive international correspondent banking network, allows MSB to participate in the program; thereby, helping to increase the Bank’s potential to grow its trade business and network during and after the crisis. Moreover, together with this project, IFC signed with MSB and Advisory agreement in Feb 2025 under which IFC support MSB in building a Sustainable Finance Framework and the capacity of its staff in connection with the framework. IFC’s expertise in these areas will add considerable and unique value.

Indicator	Metrics	Comments	Calendar Year 2022	Calendar Year 2023	Calendar Year 2024
Not Applicable	Yes/No		Not Available	Not Available	Not Available

E&S Category Rationale / Risks and Mitigation

This Project will support short-term trade finance activities. The E&S risks and impacts associated with these activities are considered low and the project has therefore been classified as a category FI-3 project in accordance with IFC’s Sustainability Policy. The trade finance activities supported by the Project will be required to meet the requirements of the IFC’s Exclusion List and additional list of restricted commodities.
The Project will not support any activities with significant E&S concerns: (a) involuntary resettlement; (b) risk of adverse impacts on Indigenous Peoples; (c) significant risks to or impacts on the environment, community health and safety, biodiversity, cultural heritage; or (d) significant occupational health and safety risks. It will also not support any activities related to upstream oil & gas production and activities related to coal such as coal mining, coal transportation, coal-fired power plants, or infrastructure services exclusively dedicated to support any of these activities. MSB has adequate HR policies which are in line with IFC Performance Standard - 2 requirements and follows the national Life and Fire Safety requirements.

Contacts

For Inquiries About the Project, Contact

Vietnam Maritime Commercial Joint Stock Bank
Ms. Dinh Kieu Linh
Head of PCC - FI

Linhdk9@msb.com.vn
TNR Tower, 54A Nguyen Chi Thanh, Hanoi
http://www.msb.com.vn

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