IFC to invest in Vietnamese SMEs
(VOV) - Philippe L. Ahoua, the International Finance Corporation’s (IFC) Asia Pacific Region Treasury Client Solutions Spokesperson, has detailed the corporation’s intentions to invest in Vietnamese small and medium-sized enterprises (SMEs) in the near future.
Speaking on the sidelines of a seminar on Vietnamese capital market development, Mr. Ahoua noted the country remains without a credit rating agency for corporate bonds. As a developing market, Ahoua identified IFC’s task in Vietnam as to help domestic companies access capital through the corporate bond market.
He emphasised the corporate bond market’s potential capital is open to all private enterprises. Ahoua promised IFC has proper risk assessment procedures tailored to SMEs.
He outlined some of the group’s international corporate bond successes and summarised IFC’s aims to encourage credit and develop businesses in Vietnam.
He acknowledged the current economically challenging context has forced many companies away from new project development in favour of consolidation and restructuring.
Ahoua approved of Vietnamese management agency attempts to shore up the legislative framework regulating the corporate bond market.