Export Finance Australia supporting Vietnam Prosperity Joint Stock Commercial Bank to deliver infrastructure in Vietnam
Export Finance Australia (EFA) is working with Vietnam Prosperity Joint Stock Commercial Bank (VPBank) to finance sustainable and critical infrastructure projects across Vietnam through a new US$75 million (A$120 million) on-lending loan facility.
Media release
30 July 2025
Export Finance Australia (EFA) is working with Vietnam Prosperity Joint Stock Commercial Bank (VPBank) to finance sustainable and critical infrastructure projects across Vietnam through a new US$75 million (A$120 million) on-lending loan facility.
The facility will support VPBank to increase its financing across sectors such as renewable energy, clean transport, water and sanitation, healthcare, education and essential infrastructure, such as roads and electricity transmission.
This landmark transaction strengthens EFA’s engagement with Vietnam, in priority sectors identified in Invested: Australia’s Southeast Asia Economic Strategy to 2040. It also supports key pillars of the Australia-Vietnam Comprehensive Strategic Partnership, including enhancing economic engagement and strengthening cooperation on climate, environment and energy, while supporting Vietnam’s economic growth.
EFA has collaborated with like-minded international development financiers to provide this facility as part of a US$350 million syndicated financing facility arranged by Sumitomo Mitsui Banking Corporation (SMBC). Working alongside British International Investment (BII), FinDev Canada and the Japan International Cooperation Agency (JICA), the facility will help mobilise capital for sustainable infrastructure and accelerate the region’s clean energy transition.
“This facility marks EFA’s first on-lending transaction in Southeast Asia and is a significant step in our engagement with Vietnam,” said John Hopkins, Managing Director & CEO of EFA.
“EFA’s presence in Vietnam as part of the Government’s Southeast Asia Investment Deal Teams initiative, and the work of our Country Lead for Vietnam, Charith Amarasinghe, played an important role in making this transaction happen. By working with VPBank and collaborating with other international lenders, we’re supporting the delivery of green and essential infrastructure across the region.”
Media contact: Eleanor Brophy, +61 400 806 103, media@exportfinance.gov.au
About Export Finance Australia
EFA is Australia’s export credit agency. EFA provides commercial finance for export trade and overseas investment and infrastructure development. From small and medium-sized enterprises to large corporates, foreign governments and infrastructure projects, it helps Australian businesses take on the world. In doing so, EFA finance supports Australia’s economic security and regional resilience.
EFA administers the Australian Government’s National Interest Account, which currently includes the Southeast Asia Investment Financing Facility, the Critical Minerals Facility, the Defence Export Facility and lending for the Australian Infrastructure Financing Facility for the Pacific. EFA also provides support to other Commonwealth entities, including Housing Australia and the Northern Australia Infrastructure Facility.
