MenuClose

  • JP
  • SearchClose
Home
About JBIC
About JBIC

This page introduces information on JBIC's role and organization.

Close

Support Menu
Support Menu

JBIC offers a range of financial products and other services to our clients.

Close

Business Areas
Business Areas

Information about JBIC's activities in each business area and its efforts for environmental conservation.

Close

Public Information
Public Information

Various reports compiled and contributed by JBIC

Close

Press Releases
Press Releases

Close

Investor Relations
Investor Relations

This page introduces information on JBIC's investor relations.

Close

Loan for Cutting Processing and Sales Business of Stainless and Special Steels by Japanese Companies in Vietnam
Supporting Overseas Business Deployment of Japanese SMEs

  • Region: Asia
  • Manufacturing and Services
  • Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
  • Overseas Investment Loans

August 29, 2014
  1. The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today two loan agreements: one totaling up to USD1.75 million (JBIC portion) with Yoshu Tanpan Sangyo Co. LTD. (Yoshu Tanpan; Headquarters: Osaka Prefecture; President: Shingo Mori) and the other totaling up to USD2.0 million (JBIC portion) with Nikko Stainless Co., Ltd. (Nikko Stainless; Headquarters: Osaka Prefecture; President: Shinsuke Kochiyama). These loans are both cofinanced with The Bank of Tokyo-Mitsubishi UFJ, Ltd.
     
  2. These loans will finance the two companies for establishing V-STAINLESS STEEL CO., LTD. (VSS), a joint venture between them in Vietnam to conduct stainless and special steel cutting processing and sales business.
     
  3. Yoshu Tanpan is a small and medium-sized company (SME) processing and selling stainless steel materials, while Nikko Stainless is also an SME processing and selling stainless steel pipes used for laying them in factories and large-scale plant facilities. With their sights set on potential growth of the Vietnamese market, which has the prospect of sustained capital investment against the backdrop of expanding supporting industries underpinned by economic growth, the two companies now intend to expand the cutting processing and selling business of stainless and special steels through VSS and supply various stainless pipes to local Japanese-affiliated companies as well as local companies. Thus these loans will support the overseas business deployment of Yoshu Tanpan and Nikko Stainless and thereby contribute to maintaining and strengthening the international competitiveness of Japanese industries.
     
  4. 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 markets such as Vietnam, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.

Related Information

Search press releases

Fiscal Years
Sectors
Region
Finance Menu