The DGGF plans to invest $8 million in EVNFC to enhance financing access for women-led SMEs in Vietnam.

Target Information

EVN Finance Joint Stock Company (EVNFC) is a prominent financial institution based in Vietnam, established in September 2008 under the supervision of the State Bank of Vietnam (SBV). Initially owned by the state-run Electricity of Vietnam (EVN), the company was created to manage and regulate capital for EVN. Following EVN's complete divestment from EVNFC in 2020, the company became publicly listed on the Ho Chi Minh Stock Exchange (HOSE) in 2022. Presently, no shareholder holds more than 5% of the company's shares, with private individuals owning the majority. EVNFC operates as the second-largest Non-Bank Financial Institution (NBFI) in Vietnam by asset size and is equipped with a comprehensive financial services license, allowing it to engage in various activities such as capital mobilization, credit services, and other financial and banking activities.

As of December 2024, EVNFC's total Gross Loan Portfolio (GLP) amounts to USD 1.7 billion, serving approximately 274,000 active borrowers. With its headquarters located in Hanoi, the company maintains three branches in Hanoi, Ho Chi Minh City, and Da Nang. The portfolio predominantly consists of business loans (62% of GLP) and SME loans (33%), with a smaller section allocated to consumer loans (5%). Additionally, EVNFC is keen on bolstering its position within Vietnam's green finance sector by focusing on both green project financing and sustainable loans in the coming years.

Industry Overview in Vietnam

The financial services industry in Vietnam has shown substantial growth driven by the booming economy and increasing demand for financial products. As the country continues to develop, there is an ever-expanding need for diverse financial services cater