EVN Finance Joint Stock Company
Status: Approved investmentWhy disclosure?
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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
The contracting party is EVN Finance Joint Stock Company (“EVNF”). EVNF is a non-bank financial services institution based in Hanoi, Vietnam. It was established on September 1, 2008, and is currently listed on the Hanoi Ho Chi Minh Stock Exchange. EVNF provides capital and other financial services to the energy sector as well as corporates, SMEs, and consumers across Vietnam.
What is our funding objective?
The funding objective is to support EVNF in their E&S practises, particularly in high-risk sectors. The E&S risks associated to EVNF operations relate to all IFC PS (1-8) due to both portfolio and contextual risks. This project will provide hands-on assistance on appraisals for two Scope 1 IFC triggered transactions and build the overall E&S capacity of EVNF moving forwards.
Why do we fund this investment?
A key element of our FMO’s strategy 2030 is being a change agent on environmental, social and governance topics. Through active support to our customers on ESG, together to deliver responsible impact in the societies and the local communities where they operate.
More investments
| Date | Total FMO financing |
|---|---|
| 10/21/2024 | USD 30.00 MLN |
- Website customer/investment
- http://www.evnfc.vn
- Region
- Asia
- Country
- Viet Nam
- Sector
- Financial Institutions
- Publication date
- 12/16/2024
- Effective date
- 12/3/2024
- Total FMO financing
- EUR 0.04 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - A