EMGA Secures US$25 Mln Financing For Vietnam’s EVF From OPEC Fund

KUALA LUMPUR, May 11 (Bernama) -- Emerging Markets Global Advisory LLP (EMGA) has completed its first transaction for EVF General Finance Joint Stock Company (EVF) in Vietnam by securing US$25 million from the OPEC Fund for International Development (OFID). (US$1 = RM3.91)

EMGA Head of Investment Banking and Managing Director, Sajeev Chakkalakal said the deal supports EVF’s continued focus on the small and medium enterprise (SME) sector as well as climate-related initiatives in Vietnam.

“It was also a very positive experience working with our long-term partner OFID as they looked to expand their exposure in the Vietnamese financial sector,” he said in a statement.

Meanwhile, EVF Head of Capital Markets, Dinh Ngoc Bao said the transaction marks a significant milestone in the company’s strategy to expand access to financing for Vietnam’s SME sector, a key driver of economic growth and innovation.

Established in 2008 and headquartered in Hanoi, EVF is one of Vietnam’s leading non-bank financial institutions. It provides corporate financing, treasury services, capital mobilisation and lending solutions for both institutional and retail clients.

Listed on the Ho Chi Minh Stock Exchange under the ticker “EVF”, the company has developed partnerships with domestic and international financial institutions while supporting the growth of Vietnam’s private sector and SME economy.

EMGA, with offices in London and New York, advises financial institutions and corporates on debt and equity capital raising, with a track record across emerging and frontier markets, including Vietnam.

-- BERNAMA