TCP CAPITAL JOINT STOCK COMPANY
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Tan Cang Pacific Capital
What is our funding objective?
FMO grants this EUR 45K to upgrade Vietnam's ports and logistics function. The fund will be directly sponsored for a consultancy service to produce the overview of potential projects that best suit the parties’ common interest and added-value from FMO.
Why do we fund this investment?
FMO funds this project for the improvement to the logistics in the different supply chains. This will eventually lead to a lower cost base, a more competitive position, more economical activity, but also to more efficient transportation of goods and people, i.e. less impact on the environment (e.g. emissions).
What is the Environmental and Social categorization rationale?
With our development capital and our involvement we ensure proper environmental, health & safety management according to IFC Performance Standards and WBG EHS Guidelines during construction and operation. Specific elements taken into account are: Opportunities to apply a building with nature / sustainable port approach; biodiversity value of the area; adaptation to climate change; Contractor Environment, Health & Safety. E&S category: A. Applicable IFC PS: 1 (assessment and management), 2 (labor conditions), 3 (pollution and resource management), 4 (community health & safety), 5 (land acquisition and resettlement). Potentially applicable depending on the location of the projects: IFC PS 6 (biodiversity), 7 (indigenous peoples) and 8 (cultural heritage). All of this will be further assessed during the project development stage.
- Region
- Asia
- Country
- Viet Nam
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 1/5/2018
- End date
- 8/8/2019
- Total FMO financing
- EUR 0.05 MLN
- Funding
- Development Accelera