MSB AND FMO SIGNS FACILITY AGREEMENTS OF USD 80 MILLION TOWARDS AN INCLUSIVE GREENER FUTURE

On January 23, 2025, Vietnam Maritime Commercial Joint Stock Bank (HoSE stock code: MSB) and the Dutch Development Bank (FMO) signed facility agreements for medium and long-term loan supporting small and medium enterprises (SMEs) and climate relevant business.

The signing ceremony was held at the residence of the Ambassador of the Kingdom of the Netherlands in Hanoi. 

FMO, together with the Dutch Fund for Climate and Development (DFCD) - a climate resilience fund aimed at supporting climate relevant business in developing and emerging markets of Dutch Ministry of Foreign Affairs managed by FMO, provide MSB with a substantial loan of up to 80 million USD, with a tenor up to 9 years to finance SMEs, micro SME, women-led SMEs in the rural, sustainable, climate-smart and agriculture sectors.

Additionally, MSB may receive technical support from Netherlands Development Organization (SNV), one of the co-managers of the DFCD.
The cooperation between MSB and FMO/DFCD in 2025 is another important milestone that continues to affirm the trust of international financial institutions in the operations of MSB. 

Mr. Nguyen Hoang Linh – the CEO of MSB said at the ceremony: “The collaboration between MSB and FMO/DFCD is a key element of our strategic plan, and it underscores our strong commitment to creating long-term value for all parties. We are confident that with the support of reliable partners like FMO/DFCD, MSB will be able to drive sustainable transformation, not just within our bank but across our client portfolio, our partners, and the broader Vietnamese banking sector.”

About FMO and DFCD

FMO was established in 1970, in which the Dutch State owns 51% of the shares. FMO supports sustainable growth of private sector in developing and emerging markets through investments in projects and financial institutions. 
DFCD, funded by the Ministry of Foreign Affairs of The Netherlands and managed by FMO, is a development fund focused on climate change adaptation. DFCD seeks to develop private sector solutions across targeted climate vulnerable landscapes.

About MSB:

Established in 1991, as the first joint stock commercial bank in Vietnam, after more than 33 years of development and transformation, MSB has continuously risen, creating many important milestones in the banking and finance industry. MSB currently has 260 branches and transaction offices across 51 cities/provinces nationwide and has transactions with more than 500 correspondent banks in over 60 countries and territories. MSB currently has more than 6,000 employees, serving over 6 million individual customers and nearly 100,000 business customers.