HDBank has entered into a strategic partnership with the London Stock Exchange, while Techcom Securities Joint Stock Company is raising a loan of $488 million. In a separate development, Ho Chi Minh City Venture Capital Fund has officially launched, creating a dedicated financing vehicle for Vietnam’s local startup ecosystem.
HDBank partners London Stock Exchange
The HCM City Development Commercial Bank (HDBank) has entered into a strategic partnership agreement with the London Stock Exchange (LSE) to support Vietnamese businesses in accessing international capital markets.
The agreement was announced at an investment forum held on April 14 in Ho Chi Minh City, co-hosted by HDBank, LSE, and the Vietnam International Finance Centre (VIFC).
Under the partnership, the two sides will promote cross-border fundraising, including equity and bond issuances on the London market. The collaboration will also focus on enhancing access to global institutional investors while improving transparency and corporate governance standards among Vietnamese issuers.
HDBank separately unveiled plans to raise up to $300 million through international green bonds, as part of its push to diversify long-term funding and scale up sustainable finance.
HDBank is a Vietnamese lender offering retail and corporate banking, securities, and insurance services.
Techcom Securities raises $488m loan
Techcom Securities Joint Stock Company has raised an unsecured syndicated loan facility of $488 million (around 12.8 trillion dong).
The 2026 syndicated facility was arranged by a group of leading international financial institutions, including Cathay United Bank, CTBC Bank, Landesbank Baden-Württemberg, Mizuho Bank, and Taipei Fubon Commercial Bank.
The facility is funded by 26 institutions across multiple regions, including China, South Korea, Germany, Hong Kong, Singapore, the Middle East, India, Malaysia, and Taiwan. This broad participation underscores TCBS’s expanding credit profile beyond the region and its ability to meet the stringent standards of global capital markets.
The proceeds from the syndicated loan are expected to enhance TCBS’s margin lending capacity.
Earlier in February, TCBS also made a strong mark in international markets by signing a long-term convertible loan agreement worth $50 million with DEG—the development finance institution under Germany development bank KfW.
HCMC Venture Capital Fund officially launched
Ho Chi Minh City Venture Capital Fund has been officially launched, marking a major step in building a dedicated financing vehicle for the local startup ecosystem.
The fund will operate under Ho Chi Minh City Venture Capital Fund JSC, with an initial charter capital of 500 billion dong ($20 million), of which the city government will contribute 40%, with the remainder mobilised from private investors.
Designed as a public-private partnership, the fund aims to address early-stage funding gaps and catalyse more private capital into Vietnam’s startup ecosystem, where venture funding has remained modest and largely dominated by foreign investors.
The vehicle will focus on high-growth startups in sectors such as AI, semiconductors, biotechnology, green tech, and digital transformation.
“The establishment of Ho Chi Minh City Venture Capital Fund JSC marks a breakthrough in addressing early-stage funding gaps and a key step in advancing national priorities on science, technology, innovation, and digital transformation,” said Nguyen Manh Cuong, Vice Chairman of the People’s Committee of Ho Chi Minh City.
Hoang Duc Trung, Director of VinaCapital Ventures, which has been assigned to oversee the Ho Chi Minh City Venture Capital Fund, indicated that the fund will focus on Series A and B funding rounds—stages where many Vietnamese startups are desperate for capital to scale up. The fund will not only provide financial resources but also offer management support, networking opportunities with experts and investors.
Earlier, DealStreetAsia reported that Vietnam-based asset manager VinaCapital is set to take a leading role in Ho Chi Minh City’s newly proposed venture capital fund, as the country accelerates efforts to bridge startup funding gaps and strengthen its innovation ecosystem.