- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
November 30, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement in the amount of USD4,200 thousand (JBIC portion) with A.I.S co., ltd.(AIS; Headquarters: Shizuoka prefecture; President: Yasufumi Suzuki). The loan is cofinanced with Mizuho Bank, Ltd.
This loan is intended to finance the motorcycle and automobile parts manufacturing and sales business conducted by A.I.S Vietnam Co., Ltd (AISV), AIS' subsidiary in Bac Ninh Province, Vietnam. The funds will be used to invest in additional facilities at its manufacturing plant.
AIS is a small and medium-sized enterprise (SME) which manufactures and sells auto parts for motorcycles and cars. AIS aims to expand its business in Vietnam through AISV in anticipation of increasing demand for motorcycles and cars in the country on the back of continued economic growth in Asia. Through the support of such overseas business deployment of AIS, this financing will contribute to maintaining and strengthening the international competitiveness of Japanese 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 Vietnam and other markets, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.