Hanoi, July 7 (AseanAll) — The Asian Development Bank (ADB) has signed a $100 million loan with Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) to expand access to finance for micro, small, and medium-sized enterprises (MSMEs) in Viet Nam, with a focus on women-owned MSMEs (WMSMEs).
As mandated lead arranger and co-coordinator with Standard Chartered Bank (Singapore) Limited, ADB also brought together 29 commercial banks to mobilize an additional $621 million in financing and expand the resources available to HDBank. The transaction strengthens HDBank’s access to international capital and highlights ADB’s role in mobilizing private financing to support inclusive financial systems across Asia and the Pacific.
“Strengthening access to finance for MSMEs, particularly women-owned businesses, is essential for inclusive and resilient growth in Viet Nam,” said ADB Country Director for Viet Nam Shantanu Chakraborty. “ADB’s partnership with HDBank will help channel much-needed capital to underserved enterprises and support broader participation in economic opportunities.”
The financing will support HDBank’s medium- to long-term lending, with at least 40% of ADB’s financing directed to WMSMEs to provide more opportunities for women business owners. Proceeds will be on-lent to eligible MSMEs in line with HDBank’s sustainable finance framework, expanding support for underserved segments.
“ADB’s support will enable HDBank to further expand access to finance for MSMEs and deepen our commitment to supporting women-owned businesses,” said HDBank Chief Executive Officer Nguyen Huu Dang. “This partnership underscores our continued focus on inclusive growth and sustainable finance.”
MSMEs are a cornerstone of Viet Nam’s economy, accounting for more than 97% of registered firms, about 36% of total employment, and 40% of the country’s gross domestic product. Yet many MSMEs—especially women-owned businesses—continue to face barriers to formal financing, including limited collateral, constrained credit histories, and perceived risks associated with smaller borrowers. The facility will be complemented by ADB capacity-building technical assistance to help develop tailored financial products, promote financial inclusion, and support the sustainable growth of MSMEs across the country.
HDBank is a commercial bank in Viet Nam with a strong focus on retail, consumer, and MSME lending. With an extensive nationwide network and rapidly growing digital banking capabilities, the bank is well positioned to expand outreach to smaller businesses and underserved customers.
ADB is a leading multilateral development bank supporting sustainable, inclusive, and resilient growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard the planet. Founded in 1966, ADB is owned by 69 members—50 from the region.
