OPEC Fund backs Viet Nam’s green transition and SME growth with US$25 million loan to EVF General Finance

April 7, 2026: The OPEC Fund for International Development (the OPEC Fund) has signed a US$25 million senior term loan with EVF General Finance Joint Stock Company (EVF) to expand access to micro, small and medium-sized enterprises (MSMEs) and boost climate-related investments in Viet Nam.

Khalid Khadduri, OPEC Fund Vice President, Private Sector said:

"Our partnership with EVF supports inclusive and sustainable growth in Viet Nam. By increasing access to finance for small businesses and accelerating climate investment, we are helping to strengthen economic resilience and advance the country's long-term development goals."

The financing will enable EVF to expand lending to climate-aligned sectors, advancing low-carbon and environmentally sustainable practices, including rooftop solar, energy efficiency, renewable energy and green transport solutions. This support Viet Nam's national climate commitments and responds to growing demand for sustainable financing. EVF has already supported more than 7,000 green initiatives and over 300 institutional renewable energy and green mobility projects, helping to reduce approximately 2 million metric tons of CO₂ annually.

Dinh Ngoc Bao, Director of EVF International Markets Department, said:

"For us ESG is not a standalone initiative, but fundamentally embedded in our growth model. By integrating sustainability into both our business and funding strategies, we are able to scale international capital while contributing meaningfully to Viet Nam's transition toward a more inclusive and low-carbon economy. The partnership with the OPEC Fund marks an important milestone in strengthening EVF's international funding platform and advancing our sustainable finance strategy."

The OPEC Fund's loan will also support local businesses in Viet Nam. MSMEs represent more than 95 percent of all businesses and play a vital role in the country's economy, generating 40 percent of GDP and 50 percent of jobs. However, they face a significant credit gap estimated nearly at US$50 billion. Expanding access to long-term credit is key to enabling small firms to grow and strengthen their competitiveness.

The OPEC Fund has been partnering with Viet Nam since 1977, financing development across sectors including energy, transport, water and sanitation, agriculture, education and finance, with a strong focus on inclusion.

About the OPEC Fund

The OPEC Fund for International Development (the OPEC Fund) is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively. The organization works in cooperation with developing country partners and the international development community to stimulate economic growth and social progress in low- and middle-income countries around the world. The OPEC Fund was established in 1976 with a distinct purpose: to drive development, strengthen communities and empower people. Our work is people-centered, focusing on financing projects that meet essential needs, such as food, energy, infrastructure, employment (particularly relating to MSMEs), clean water and sanitation, healthcare and education. To date, the OPEC Fund has committed more than US$32 billion to development projects in over 125 countries with an estimated total project cost of more than US$240 billion. The OPEC Fund is rated AA+/Outlook Stable by Fitch and AA+, Outlook Stable by S&P. Our vision is a world where sustainable development is a reality for all.

About EVF

EVF General Finance Joint Stock Company (EVF), established in 2008, is a non-bank financial institution in Viet Nam providing financing with a focus on underserved segments, including MSMEs. The company works with development finance institutions and international partners to support green finance, financial inclusion and women-focused initiatives. To date, EVF has allocated over US$250 million to green financing and over US$800 million to MSME financing. The company is rated B2/Stable Outlook by Moody's.