IFC provides $140m COVID-19 financing to Vietnam's VPBank, OCB

IFC provides $140m COVID-19 financing to Vietnam's VPBank, OCB

IFC/World Bank HQ. Photo: IFC

International Finance Corporation (IFC) is extending $140 million in total financing to two Vietnamese commercial banks to help them support businesses, especially small and medium enterprises (SMEs), that have suffered from the COVID-19 pandemic.