- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
June 31, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement totaling up to USD700 thousand (JBIC portion) with Yamato Industries Vietnam Co., Ltd. (YIV), a Vietnamese subsidiary of YAMATO INDUSTRIAL CO., LTD. (YAMATO INDUSTRIES; Headquarters: Shizuoka Prefecture; Owner & President: Masahiro Kosugi). The loan is cofinanced with Resona Bank, Limited.
The loan is intended to finance the motorcycle parts manufacturing and sales business of YIV, established by YAMATO INDUSTRIES in Bắc Ninh Province, Vietnam. The fund will be used to expand its production facility.*1
YAMATO INDUSTRIES is a small and medium-sized enterprise (SME) manufacturing and selling motorcycle parts, and plans to expand its business through YIV in Vietnam where demand for motorcycles is expected to increase on the back of continued economic growth in the Asian region. Thereby, the loan will contribute to maintaining and strengthening the international competitiveness of Japanese industries through supporting the overseas business deployment of YAMATO INDUSTRIES.
As Japan's policy-based financial institution, JBIC will continue to support the 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.
- *1 JBIC also signed a loan agreement amounting to USD700 thousand to finance YIV's expansion of its production facility in August 2014. See Press Release on August 26, 2014.