OPEC Fund provides US$50 million to SeABank to boost small business and climate finance in Viet Nam #SeABank

By
on

HANOI, VIETNAM -
Media OutReach Newswire - 13 July 2026 - The OPEC Fund for International Development (the OPEC Fund) is providing a US$50 million loan to Southeast Asia Commercial Joint Stock Bank (SeABank) to expand financing for small businesses and climate-focused investments across Viet Nam.

SeABank has mobilized approximately US$1.1 billion to promote inclusive, sustainable finance in Viet Nam.

The loan will help SeABank increase lending to micro, small and medium-sized enterprises (MSMEs), which account for around half of employment in Viet Nam but continue to face a significant financing gap. Part of the OPEC Fund's funding will also support investments in energy efficiency, green buildings, rooftop solar and electric mobility.

OPEC Fund President Abdulhamid Alkhalifa said: "Small businesses are central to Viet Nam's economy and an important source of jobs and growth. This financing will help more companies access the capital they need to invest and expand, while supporting practical climate solutions that can strengthen competitiveness and resilience."

The new loan agreement strengthens the partnership between SeABank and the OPEC Fund that began in 2022 with a first loan in support of local SMEs, including women-owned businesses, as well as climate projects.

Le Thu Thuy, SeABank's Vice Chairwoman of the Board of Directors, said: "This financing marks an important milestone in our partnership with the OPEC Fund, reinforcing SeABank's commitment to inclusive and sustainable growth. It also advances our role as a financial intermediary in mobilizing and channeling international capital to support Viet Nam's sustainable development priorities."

https://seabank.com.vn/

Hashtag: #SeABank

The issuer is solely responsible for the content of this announcement.

ISSUER:

SeABank

CATEGORY:

Finance

READ IN:

Japanese

PUBLISHED ON:

13 Jul 2026 04:35pm

Past Press Releases

MORE

#Finance
#Business

17 June 2026 4:15pm HKT

SeABank completes charter capital increase to VND 34,288 billion

#Finance
#Business

28 April 2026 8:00am HKT

SeABank successfully holds 2026 AGM, reports stable Q1 results

Talk to Media OutReach Newswire today
CONTACT US NOW