This is one of HDBank's important projects in the development strategy for the period 2021-2025.
Signing ceremony of cooperation agreement between HDBank and IFC
With this project, IFC - a member of the World Bank Group (WB) - will help HDBank analyze potential portfolios, orient specialized financing product lines towards technology to improve current Chain financing capacity, expand financing scale and train a team of experts in this field.
With more than 3,600 businesses in the chain of 50 "core" businesses in 7 potential fields at HDBank, expanding the Value Chain is one of the Bank's most important strategic initiatives in the overall strategy for the period 2021-2025, especially with important implementations such as: digitizing the customer journey through the Transaction Banking/Fintech platform; improving the consulting capacity of the leadership team and approaching the best practices of the domestic and international markets.
The total scale of the Chain's operations by the end of 2022 will reach nearly 20,000 billion VND, always maintaining an annual growth rate of more than 35%, and has been connected with many global value chains.
Previously, in May 2022 in Washington DC, HDBank and IFC signed a memorandum of understanding to cooperate in promoting support for small and medium-sized enterprises to access finance and participate in the global supply chain. This is an important step to help HDBank move towards the goal of developing a chain finance portfolio of up to 8,000 enterprises with a scale of up to 3 billion USD (more than 60,000 billion VND), developing a chain finance portfolio in the agricultural sector; financing for suppliers and distributors.
This cooperation agreement with IFC is the next step to strongly promote the project to expand the chain finance model, strengthen and enhance cooperation with corporate customers in the Value Chain, as well as demonstrate HDBank's efforts in developing and further diversifying core business activities associated with its leading position in the system of Vietnamese commercial banks.
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