Individual Agreement Based on Credit Line for Chiba Bank
Supporting Overseas Business Deployment of Mid-Tier Enterprises and SMEs in Collaboration with Regional Financial Institutions
- Area: Asia
- Manufacturing and Services
- Mid-Tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today an agreement in the amount of approximately USD116 thousand (JBIC portion) based on a credit line*1
for supporting the overseas business deployment of Japanese mid-tier enterprises and small and medium-sized enterprises (SMEs) already signed with THE CHIBA BANK, LTD.
This loan agreement will provide funds necessary for the opening of ramen noodle restaurants by TRY INTERNATIONAL VIETNAM CO., LTD, a Vietnamese subsidiary of TRY Inc. (Headquarters: Chiba Prefecture).
Loans under the credit line will flexibly provide, through a Japanese financial institution, long-term foreign currency funds required by the business operations of mid-tier enterprises and SMEs conducted in developing regions. This will thus support the overseas business deployment of Japanese mid-tier enterprises and SMEs, thereby contributing to maintaining and strengthening the international competitiveness of Japanese industries. Furthermore, this loan is in line with two strategies set out by the Japanese government - the Cool Japan Strategy (announced in January 2016) and the Global Food Value Chain Strategy (announced in June 2014) - as it will contribute to popularizing Japanese food and culture in Vietnam.
As Japan's policy-based financial institution, JBIC will continue to support the overseas business deployment of Japanese mid-tier enterprises and SMEs in collaboration with regional financial institutions in Japan, with a view to maintaining and strengthening the international competitiveness of Japanese industries.
- *1 See Press Release on December 25, 2013.