News Column

Japan,Vietnam : Japanese SMEs in Vietnam relying on Vietnamese banks for their CAPITAL

May 6, 2014

The Japan Finance Corporation (JFC) stated that a growing number of Japanese SMEs in Vietnam have been depending on Vietnamese banks for their capital.

In Vietnam, the estimated 315 Japanese SMEs are adopting from Vietnamese banks because of the banks' low interest rates.

The JFC has been running programmes to support Japanese SMEs in Vietnam, including the guarantee/standby letter of credit. It has also been supporting the SMEs who seek capital in local currencies through loan guarantees. A Vietnamese banker said lending to Japanese SMEs could be a good strategy for Vietnamese banks to follow.

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Source: TendersInfo (India)

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