Invoice Bazaar Blog

International Finance Corporation teams up with Vietnam’s HDBank to fund SMEs

By Invoice Bazaar | May 16, 2022

International Finance Corporation (IFC) has teamed up with Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) to enable SMEs across Vietnam to access innovative and low-cost financing. It will also allow SMEs to overcome liquidity constraints by funding supply chains and facilitating early cash flows for suppliers and distributors by converting their sales receivables and inventories into immediate cash at a low cost. This collaboration will make it easy for them to foray into new markets, thereby becoming a part of global supply chains. It will also assist HDBank in building up a supply chain financing (SCF) portfolio of US$1 billion by 2025.

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