- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
July 29, 2014
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement totaling up to USD2 million (JBIC portion) with Hamatetsu Vietnam Co., Ltd. (HTVN), a Vietnamese subsidiary of Hamamatsu Tekko co., Ltd. (Hamatetsu); Headquarters: Shizuoka Prefecture; President & CEO: Kimiyasu Terada). The loan is cofinanced with private financial institutions.
This loan is intended to finance HTVN, established by Hamatetsu in November 2011 in Hưng Yên Province, Vietnam, for manufacturing and selling motorcycle parts and other products.
Hamatetsu is a small and medium-sized enterprise manufacturing and selling motorcycle parts and plans to expand its business through HTVN in Vietnam where the demand for motorcycle parts is expected to grow backed with the economic growth in the Asian region. Thus, this loan contributes to maintaining and strengthening the international competitiveness of Japanese industries, through supporting of the overseas business deployment of Hamatetsu.
As Japan's policy-based financial institution, JBIC will continue to support overseas business deployment of Japanese companies, including mid-tier enterprises and small and medium-sized enterprises (SMEs), in growing markets such as Vietnam, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.