- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
August 25, 2014
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The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement totaling up to USD1,400 thousand (JBIC portion) with VIETNAM JAPAN TECHNOLOGY PARK COMPANY LIMITED (VIE-PAN), a Vietnamese subsidiary of Unika Holdings Co., Ltd.(Unika HD; Headquarters: Tokyo; President & CEO: Yoshinori Yasumi). The loan is cofinanced with the Seibu Shinkin Bank, bringing the overall cofinancing amount to USD2,008 thousand.
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This loan is intended to finance VIE-PAN's construction and operation of industrial park for Japanese mid-tier enterprises and small and medium-sized enterprises (SMEs) in Ho Chi Minh City, Vietnam.
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Unika HD is an SME with its subsidiary, UNIKA CO., LTD., that manufactures and sells fastening tools for construction and cutting edge tips for various power drill tools, and operates an industrial park since 1996 through its subsidiary in Vietnam. While Japanese SMEs operating in Vietnam is expected to increase in the future, the company plans to expand their business through VIE-PAN responding to the needs of Japanese SMEs, by establishing VIE-PAN with HIEP PHUOC INDUSTRIAL PARK JOINT STOCK COMPANY, a company under the Ho Chi Minh City People's Committee, through its Vietnamese subsidiary in September 2013. Thus, this loan contributes to maintaining and strengthening the international competitiveness of Japanese industries, through supporting of the overseas business deployment of Unika HD.
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As Japan's policy-based financial institution, JBIC will continue to support overseas business deployment of Japanese companies, including mid-tier enterprises and SMEs, in growing market such as Vietnam, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.