Norfund awards $30M convertible loan to Vietnam's SeABank for retail banking, SMEs, and micro-enterprises.

Norfund, a Norwegian Investment Fund, awarded a $30M convertible loan to Vietnam's SeABank to support retail banking customers, SMEs, and micro-enterprises. The loan can be converted to shares within 4 years and aligns with Norfund's financial inclusion goals and SeABank's commitment to SMEs and retail customers. This partnership aims to strengthen Vietnam's private sector and reduce poverty.