Vietnam Maritime Commercial Joint Stock Bank
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer?
Vietnam Maritime Commercial Joint Stock Bank – MSB was the first joint stock commercial bank in Vietnam since 1991. Over 34 years of development, MSB operates across 51 most cities/provinces in Vietnam with 62 branches and 201198 transaction offices, employs over 6,000 employees (as of December 31, 2024) and is has been publicly listed on Ho Chi Minh Stock Exchange since December 2020. Total assets amount to over VND 295320 trillion (~US$12313 billion) and charter total capital to VND 26 36.8 trillion (~US$ 1.5 billion)( as of December 31,2024).
What is our funding objective?
FMO is providing a USD 50 mln loan from its own book of which USD 30 mln is committed and USD 20 mln is uncommitted. Further FMO is providing a USD 30 mln loan through the Dutch Fund for Climate and Development. The use of proceeds that has been agreed with MSB is towards inclusive MSME businesses for the FMO facility and for Green/ Climate resilient agri projects for the DFCD facility.
Why do we fund this investment?
FMO’s support for green and inclusive financing is contributing to SDGs 13 Climate Action and SDG 10 Reduced Inequalities, resulting in a 100% RI label for the FMO loan and a 100% green label for the DFCD facility.
What is the Environmental and Social categorization rationale?
MSB is classified as an E&S Category A bank due to its high environmental and social (E&S) risk profile, driven by both sector exposure and portfolio size. High E&S activities are particularly concentrated in sectors such as construction, real estate, energy (including power generation and electricity distribution). The key contextual risks in these sectors include habitat fragmentation, resource depletion, pollution, climate change, occupational health and safety concerns, loss of cultural heritage, and social inequality. MSB has a dedicated team with E&S expertise, and in 2024, the bank aligned its Environmental and Social Management System (ESMS) with the EDFI Harmonized Standards. The financing package includes an action plan aimed at further strengthening the bank’s capacity to manage environmental and social risks.
More investments
| Date | Total FMO financing |
|---|---|
| 1/24/2025 | USD 30.00 MLN |
- Website customer/investment
- https://www.msb.com.vn/
- Region
- Asia
- Country
- Viet Nam
- Sector
- Financial Institutions
- Publication date
- 12/22/2025
- Effective date
- 1/24/2025
- Total FMO financing
- USD 30.00 MLN
- Funding
- LUF
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - A