- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
July 17, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement totaling up to USD500 thousand (JBIC portion) with Hamatetsu Vietnam Co., Ltd. (HTVN), a Vietnamese subsidiary of HAMAMATSU TEKKO CO., LTD. (Hamatetsu; Headquarters: Shizuoka Prefecture; Chairman: Kimiyasu Terada). The loan is cofinanced with a private financial institution.
The loan is intended to finance the motorcycle parts manufacturing and sales business of HTVN, established by Hamatetsu in Hưng Yên Province, Vietnam, in November 2012. The funds will be used to expand its production facility.*1
Hamatetsu is a mid-tier enterprise manufacturing and selling motorcycle parts and it plans to expand its business through HTVN in Vietnam where demand for motorcycles is expected to grow on the back of continued economic growth in the Asian region. Thus, this loan contributes to maintaining and strengthening the international competitiveness of Japanese industries, through supporting the overseas business deployment of Hamatetsu.
As Japan's policy-based financial institution, JBIC will continue to support the 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.
- *1 JBIC previously signed a loan agreement amounting to USD2,000 thousand to finance HTVN's expansion of its production facility in July 2014. See Press Release on July 29, 2014 for details.