- Region: Asia
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
December 7, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement amounting up to USD530 thousand (JBIC portion) with Isho Vietnam Co., Ltd. (ISV), a Vietnamese subsidiary of Isho Co., Ltd. (Isho; Headquarters: Aichi Prefecture; President: Aiko Takeuchi). The loan is cofinanced with THE BANK OF NAGOYA, LTD., bringing the total cofinancing amount to USD780 thousand.
This loan is intended to finance the metal parts processing business conducted by ISV in Binh Duong Province, Vietnam. The funds will be used to expand ISV's current processing plant.
Isho is a small and medium-sized enterprise (SME) which processes metal parts for special vehicles and plant facilities. Isho seeks to expand its business through ISV in Vietnam, where demand for metal processing for a variety of uses is expected to increase against the backdrop of Asia's economic growth. Through support for such overseas business deployment of Isho, 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 growing markets such as Vietnam, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.