Swedfund has invested in Vietnam’s EVF General Finance JSC through a loan of up to 20$ million.
The funding is intended to expand access to capital for micro, small and medium-sized enterprises. Swedfund said 40% of the loan is earmarked for climate projects.
It said 30% is set aside for women-owned enterprises. Swedfund added that the proceeds will support climate mitigation and renewable energy.
Vietnam’s energy demand is rising alongside economic growth, while greenhouse gas emissions are increasing. Swedfund said long-term finance remains limited for MSMEs.
The loan forms part of a 40$ million financing package arranged by OeEB and Swedfund. EVF Finance is a non-bank financial institution based in Hanoi and founded in 2008.
