Previously, the Japan International Cooperation Agency (JICA) and the Bank for Investment and Development of Vietnam (BIDV) signed a loan agreement on December 19, 2025 to create conditions to expand medium and long-term capital sources for micro, small and medium enterprises (MSMEs), especially businesses operating in rural areas.
JICA's loan of 50 million USD is part of a 120 million USD joint venture with the Asian Development Bank (ADB) and the participation of several other commercial banks.
This capital source contributes to strengthening the credit supply capacity of the Vietnamese financial system, while promoting economic growth in a inclusive and sustainable direction.
The project aims to support sustainable economic development by providing long-term capital to BIDV, thereby expanding lending to the MSMEs sector.
The program especially focuses on improving financial access for businesses in rural areas - where capital shortages are still a major barrier to expanding production, business and creating jobs.
According to the allocation structure, out of a total loan of 50 million USD from JICA, BIDV will allocate 30 million USD to MSMEs in rural areas and 20 million USD to the MSMEs group in general.
The program also directly contributes to the implementation of the United Nations Sustainable Development Goals (SDGs), such as poverty reduction, food security assurance and strengthening partnerships for sustainable development.
The loan announcement ceremony marked an important step forward in the implementation of the program, and at the same time reaffirmed JICA's long-term commitment to cooperating with financial institutions in Vietnam to promote the development of the private sector, strengthen inclusive finance and improve the resilience of the economy, especially in rural and still difficult areas.
