MSB Joins IFC’s Global Trade Finance Program (GTFP) Duplicate 1 Duplicate 1

On September 08, 2025, in Hanoi, Vietnam Maritime Commercial Joint Stock Bank (MSB) and the International Finance Corporation (IFC) signed an Issuing Bank Agreement under IFC's Global Trade Finance Program (GTFP).

The Global Trade Finance Program (GTFP) is IFC’s flagship trade finance program, having provided over 188,000 firms with $120 billion with trade finance over the last 20 years.

Participation in this program 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.

At the signing ceremony, Ms. Nathalie Louat, Global Director, Trade and Supply Chain Finance share: “IFC is excited to welcome MSB to our global trade finance network. This partnership will enhance MSB’s trade financing capacity, reinforcing IFC’s long-term commitment to fostering the development of Vietnam’s financial markets and supporting the growth of individual banks. IFC is pleased to be part of this journey and remains committed to further strengthening our collaboration with MSB”.

From MSB, Mr. Hoang Viet Phuong – Head of Enterprise Banking said: “MSB’s participation in IFC’s GTFP presents a valuable opportunity to strengthen cooperation with IFC member banks and partners worldwide. This will enable us to broaden our trade finance operations, thereby supporting import-export activities for Vietnamese enterprises and MSB’s clients in particular. The collaboration with IFC reaffirms MSB’s strong commitment to creating long-term value for all stakeholders. With the support of a trusted partner like IFC, we are confident that MSB will be well positioned to drive sustainable transformation - not only within our bank, but also across our clients, partners, and the broader Vietnamese banking sector.”

This agreement marks another important milestone, opening up opportunities for deeper and broader cooperation between MSB and IFC in the coming time.

Earlier, in February 2025, MSB and IFC signed a Technical Advisory Agreement in which IFC supported MSB in building a sustainable finance framework and enhancing the capacity of its staff in green finance field. In July 2025, with advice from IFC's experienced experts, collaborated with BNP Paribas, MSB launched a Sustainable Finance Framework in line with international market principles, receiving an independent assessment from S&P Global Ratings. 

About MSB:

Established in 1991, Vietnam Maritime Commercial Joint Stock Bank (HoSE: MSB) has continuously advanced, setting numerous significant milestones in the banking and finance industry. Until the present time, MSB operates 260 branches and transaction offices nationwide, and maintains connections with nearly 400 correspondent banks across 55 countries and territories. MSB currently serves over 6 million individual customers and nearly 100,000 corporate clients.

Through sustained efforts and a spirit of slogan "Bank on real growth", MSB has been honored with numerous prestigious domestic and international awards over consecutive years, including "Bank of the Year" by The Banker magazine (The Financial Times), "Best Bank in Vietnam" by the reputable Global Finance magazine, and "Best Digital Transformation Bank in Vietnam" awarded by Global Economics magazine.

MSB’s journey is guided by a singular vision: to become the bank "where everyone wants to join and no one wants to leave," with a mission "For a More Convenient Life" dedicated to Customers, Employees, Shareholders, and the Community.

For more information, please visit: www.msb.com.vn