Consumers are increasingly willing to pay for high-quality, sustainably grown produce, but small farmers in East Asia and the Pacific – many of them women – lack know-how in sustainable farming and access to international markets.
It is often said that women run the Philippines – be it in politics, business, or at home. Many Filipino women start their businesses from home and over time, nurture them to become thriving standalone enterprises.
As Vietnam’s economy continues to accelerate, so does its energy use. Vietnam’s power consumption has been growing at around 15 percent. Among the country’s biggest energy users is the building sector, which accounts for about 20 percent
In Vietnam, our advisory services
are delivered in partnership with:
IFC in Vietnam
IFC mobilizes financing for private businesses, including small and medium enterprises, with strong growth potential. We support Vietnam’s sustainable development, helping attract international investors to vital sectors such as infrastructure, renewable energy, and microfinance.
IFC provides expert advice to Vietnamese firms to make their operations more efficient and client-friendly. We help raise their international competitiveness by improving social, environmental, and corporate governance practices.
Increasing Access to Finance IFC helps increase access to finance for small and medium enterprises, which contribute 40 percent to the country’s gross domestic product. We invest in commercial banks that serve small and medium enterprises’ specific needs, such as trade finance and financing of energy-efficiency upgrades, cleaner production methods, and product expansions.
By helping establish Vietnam’s first private credit bureau and an online asset registry for loan collateral, we reduce risks for banks, allowing them to provide financing to smaller firms.
And we are increasing our efforts to help expand microfinance in rural areas so that people can borrow, save, and transfer money safely and reliably.
Supporting Banking Reforms IFC plays a key role in reforming Vietnam’s banking sector, supporting the partial privatization of state-owned banks. We advise banks on risk management, corporate governance, energy-efficiency financing, and product development, helping boost international investors’ confidence in the sector.
Investing in Infrastructure IFC mobilizes private sector participation and financing for electricity generation, roads, ports, hospitals, and post-secondary education and ensures that these investments are done in a socially and environmentally sustainable manner. For instance, IFC has invested in the Cai Mep and Cai Lan container port upgrades to help increase trade by reducing import/export costs and lead times.
We also advise the government on setting high standards of fairness in competitive tendering for large infrastructure projects such as the landmark Nghi Son II power plant project.
Promoting Global Standards Through Better Work Vietnam, an IFC/International Labour Organization initiative, we improve standards in the garment and footwear industries. We also help businesses conserve energy and reduce pollution through training and specialized financing.
IFC trains coffee farmers to meet international certification standards, improve sustainability, traceability and production, and increase their earnings. We collaborate with regulatory bodies, educational institutions, and business associations to improve corporate governance practices.
Making Doing Business Easier IFC helps create a level playing field for investors by bringing together the government and the private sector to discuss options for improving the business climate through the Vietnam Business Forum.
We support the government’s Project 30 master plan to simplify administrative procedures and help provincial authorities streamline processes for business start-ups, tax administration, and business land acquisition.