- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
December 18, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement amounting up to USD107 thousand (JBIC portion) with Sun Field Vietnam Co., Ltd. (SFV), a Vietnamese subsidiary of Hino Engineering Co., Ltd. (Hino Engineering; Headquarters: Tokyo; President: Masami Endo). The loan is cofinanced with The Tama Shinkin Bank.
This loan is intended to finance the electronics component manufacturing and sales business conducted by SFV in Binh Duong Province, Vietnam. The funds will be used to construct additional plant facilities.
Hino Engineering is a small and medium-sized enterprise (SME) which manufactures and sells FA (factory automation) systems and various electronics components. Hino Engineering aims to expand its business through SFV in Vietnam and its neighboring countries, where demand for electronics components is expected to increase against the backdrop of Asia's economic growth. Through the support of such overseas business deployment of Hino Engineering, 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.