Nam A Bank secures $60M from FMO for green finance, small businesses
Nam A Bank has secured a five-year, US$60 million unsecured loan from Dutch development bank FMO to finance green projects and expand lending to micro, small and medium-sized businesses.
On September 25, Nam A Bank secured a $60 million loan from FMO for green finance initiatives and support for small businesses. The signing ceremony was attended by the Deputy Consul General of the Netherlands in Ho Chi Minh City, Hanna Pors, and senior representatives from both Nam A Bank and FMO.
The agreement highlights Nam A Bank's commitment to sustainable development and international-standard governance capabilities. The five-year loan will primarily support agriculture, agricultural value chains, rural development, and women- and youth-owned businesses. It aims to improve access to long-term funding for businesses facing financing constraints and encourage companies to reduce emissions and adopt sustainable production models.
Nam A Bank's Deputy CEO, Vo Hoang Hai, emphasized that the financing will enable the bank to expand green lending and its social impact alongside green growth objectives. Frouke Hoekstra, Director of Financial Institutions at FMO, stated that the partnership aligns with the development bank's priorities of green transition and access to finance for underserved businesses. By funding long-term green projects, the initiative seeks to foster a more sustainable and inclusive private sector in Vietnam.
Hanna Pors, Deputy Consul General of the Netherlands, noted that Vietnam-Netherlands cooperation is shifting from experience sharing to developing long-term solutions for sustainable development. She believes the agreement will translate international capital, expertise, and networks into development opportunities in Vietnam while strengthening Nam A Bank's ties with international financial institutions.
The agreement comes after an ESG forum on September 22, organized by the Embassy of the Netherlands in Vietnam and FMO. The forum brought together senior executives from FMO's partner banks to discuss integrating ESG risk management into board-level decisions. FMO has been providing international financing for projects in agribusiness, food and forestry, energy, and financial institutions, with more than 55 years of experience and a portfolio of approximately €16 billion across more than 85 countries.
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