HONG KONG SAR – 12 May 2022 – At the Google I/O 2022 held from May 11 to 12, Google officially unveiled Android 13 Beta 2, the new generation operating system. As a global pioneer in electronic technology, TECNO Mobile was amongst the first smartphone manufacturers to join the Android 13 Beta Program. Its latest product, the CAMON 19 Pro (5G), will run on Android 13 Beta, delivering both superior performance and privacy & security to users.
Meanwhile, TECNO also declares that they will be updating the Android 12 on its CAMON 18 series, and will continue to be dedicated to making their users the early adopters of the latest system and cutting-edge technology breakthroughs with the freshest product experience.
The event took place on the occasion of the visit to the United States of America of the Prime Minister of the Socialist Republic of Vietnam Pham Minh Chinh, who leading the Vietnamese delegation to attend the US – ASEAN Special Summit in Washington D.C (USA).
This cooperation is expected to help HDBank build its supply chain finance (SCF) portfolio of USD1 billion in the next 3 years; Accordingly growing its SCF portfolio – currently active in construction materials, agribusinesses sector, FMCG as well as supporting industries and downstream petroleum distribution.
IFC will assist HDBank to design an SCF strategy for agricultural sector, broaden its SCF products – especially supplier and distributor financing – and bring on board anchor firms along with their suppliers and distributors, among others.
“SCF that links buyers, suppliers, and financial institutions will efficiently support the trade cycles. IFC’s timely support will enable local businesses to leverage emerging trade opportunities and improve their linkages to formal supply chains, contributing to Vietnam’s economic growth,” said Mr. Pham Quoc Thanh, HDBank’s CEO.
“Small and medium enterprises are the backbone of the economy and being essential to Vietnam’s goal of becoming a manufacturing hub in the region”, said Stephanie von Friedeburg, Senior Vice President, Operations at IFC. “IFC’s supports to domestic financial institutions as HDBank will contribute to increase SMEs’ linkages with the global supply chains and open up the opportunities for development and job creation.”
Previously, on April 14, 2022, IFC granted HDBank a trade finance limit of USD 40 million within the framework of the Global Trade Finance Program (GTFP) to enhance payment risk guarantee capacity in trade finance for domestic enterprises, mainly SMEs.
In 2021, IFC provided a long-term loan of USD70 million to HDBank to support renewable energy business. IFC also subscribed USD95 million to international convertible bond issued by HDBank to support increased lending to micro, small and medium enterprises. Currently, the total value of commitments and cooperation between IFC and HDBank has reached more than USD200 million and continuously increasing and developing in the coming time.
