ADB supports trade sponsorship activities in Vietnam

(VOVworld) - The Asian Development Bank (ADB)’s Trade Finance Program will provide the Ho Chi Minh City Development Joint Stock Bank (HDBank) and Saigon-Hanoi Commercial Joint Stock Bank (SHB) with guarantees of up to 100 million USD a year to support trade activities in Vietnam.

The signing ceremony was held on March 2 (Photo:VNA)

Steven Beck, ADB’s head of trade financing board, said ADB and its Vietnamese bank partners will support export and import companies, including small and medium-sized enterprises, to boost economic growth and create jobs.
The program’s loans and guarantees will cover the organization of workshops and seminars on sharing information and building capacity for export and import companies.