IFC boosts investment in retail and agriculture sectors in Vietnam
This is the first warehouse-backed loan provided by IFC and SMBC. The loan is made under IFC’s Global Warehouse Finance Program (GWFP). This financing is expected to boost the nascent warehouse finance market in Vietnam and encourage domestic banks to participate in the agribusiness value chain to optimize financing opportunities in this high-potential sector.
GWFP was launched to enhance working capital for producers or traders of agricultural products by using inventory as collateral. Launched in 2010, GWFP has provided over $10 billion in financing globally to date.
Ms. Dang Huynh Uc My, Vice Chairman of the Board of Directors of TTC AgriS, said that this financing solution will be a premise for TTC AgriS to receive loans through the use of raw materials as collateral. This will help the company be more proactive and flexible in purchasing, storing and distributing raw materials and goods, aiming for an optimal system to achieve the highest efficiency.
"We believe that the cooperation with IFC and SMBC will be an important part of TTC AgriS's circular economy development strategy, in line with the orientation of transforming the integrated smart agricultural economic model to affirm its leading position in the market for comprehensive agricultural business solutions in Vietnam and in the region," said Ms. My.
Thomas Jacobs, IFC Country Manager for Vietnam, Cambodia and Lao PDR, said: “IFC prioritizes the agribusiness sector because of its significant development and poverty reduction impacts. With robust economic growth, a growing middle class and higher demands for hygiene and food safety in Vietnam, these two investments will help diversify to a wider range of better products and services for consumers, support local producers and facilitate the flow of goods – key to the future recovery and resilience of the agricultural sector. This will contribute to enhancing the competitiveness of Vietnam’s agribusiness value chain, creating more jobs and improving people’s livelihoods.”
Source link
![[Photo] Binh Trieu 1 Bridge has been completed, raised by 1.1m, and will open to traffic at the end of November.](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/10/2/a6549e2a3b5848a1ba76a1ded6141fae)
Comment (0)