The loan is co-financed by the United States International Development Finance Corporation (USDFC).

With a total loan value of 120 million USD, this initiative aims to enhance financial inclusion through digital banking in Vietnam.

The project seeks to improve financial access for micro, small and medium-sized enterprises (MSMEs) and low-income individuals in Vietnam by providing loans to TPBank, a domestic commercial bank, to expand financial accessibility for these groups.

The loan will enable TPBank to extend credit to MSMEs and low-income individuals. Notably, at least 30% of the loan value from JICA will be allocated to MSMEs through TPBank's digital banking channels. Additionally, at least 30% will be directed to MSMEs owned by women or to female customers in low-income groups.

This project aligns with the UN's Sustainable Development Goals 8, 9 and 17, which focus on economic growth, industry, innovation, and infrastructure, as well as partnerships.

The initiative is part of the Financial Access for Inclusive Finance mechanism established in May 2023 and underscores the efforts to drive sustainable and inclusive economic development in Vietnam.