Nam A Bank secures $60M green financing from Dutch development bank FMO

What's the deal? Nam A BankDealroom has a profile for this one. Try Dealroom → has secured $60 million in post-IPO debt from the Netherlands Enterprise Development Bank (FMO)Dealroom has a profile for this one. Try Dealroom →, the Vietnamese lender said on September 25. The five-year unsecured loan will fund green projects and lending to micro-enterprises and small and medium-sized enterprises (SMEs).

Where the money goes: Nam A Bank will prioritise direct allocation to green projects while accelerating disbursement to smaller businesses. Targeted sectors include agriculture, agricultural value chains, rural development, farming households, and businesses owned by women or young people.

What's the endgame? The bank wants to expand access to capital for groups with growth potential but limited financial resources. The long-term funding also aims to incentivise businesses to cut emissions and shift to sustainable production models.

Why now? Deputy General Director Vo Hoang Hai framed the deal as the result of years of building reputation and a strategy of diversifying international capital sources. The financing marks another step in Nam A Bank's push to deepen ties with the global financial community.

For FMO, the partnership combines two priorities. "Promoting green transformation and expanding access to finance for underserved businesses," said Frouke Hoekstra, head of financial institutions at FMO.

The signal: The round reflects a quick re-raise for Nam A Bank as it courts foreign capital for green finance — a sector Dutch officials called a key driver of Vietnam-Netherlands cooperation. As green lending gains momentum in Vietnam, development banks are increasingly channelling long-term capital toward local institutions serving smaller and underserved borrowers.

Read more: vietnam.vn

Image credit: USDAgov