Vietnam entities boost foreign fundraising

SeABank's loan agreement with US International Development Finance Corp are among 10 deals announced recently, valued at a total of nearly US$1.92bil. — Vietnam News/ANN

HANOI: Many Vietnamese businesses are boosting foreign fundraising to cope with their capital shortage amid the country’s tightening monetary policy.

In the context of tightened and expensive domestic capital sources, mobilising capital from abroad is an opportunity for local enterprises and banks, and many of them have recently announced huge loan agreements with foreign financial institutions.