30-day notice: MSB and DFCD

This project snapshot provides an overview of SNV’s engagement with the Vietnam Maritime Commercial Joint Stock Bank (MSB) under the DFCD Origination Facility. MSB was established in 1991 in Hai Phong City and has developed into a major national bank in Vietnam, with more than 7,000 employees and over 260 branches across the country. It is listed on the Ho Chi Minh City stock exchange and has a market capitalisation of roughly 41,300 billion VND, equal to about USD 1.56 billion. MSB manages more than USD 7 billion in both deposits and loans. The bank has built a strong reputation in retail and small and medium‑sized enterprise (SME) services, where SME loans account for more than 40 percent of its loan portfolio.

The project runs from December 2025 to December 2026 and is financed through a EUR 101,250 grant from the DFCD Origination Facility. Alongside this support, MSB is leveraging an USD 80 million loan from FMO, of which USD 30 million originates from DFCD‑AYA. The partnership aims to expand MSB’s ability to fund climate‑relevant and sustainable investments, especially for SMEs that often struggle to access suitable financing. By strengthening MSB’s internal capacity and aligning funding with climate‑resilient priorities, the project has the potential to contribute to more inclusive and climate‑friendly growth in Vietnam. The snapshot highlights MSB’s strategic position in the national financial sector and the expected developmental impact of improved access to climate finance for smaller businesses