SeABank secures $50m OPEC Fund loan for MSMEs and climate financing

The bank will also use the funding for investments in energy efficiency, it said.

Vietnam’s Southeast Asia Commercial Joint Stock Bank (SeABank) has secured a $50m loan from the OPEC Fund for International Development to finance small business and climate initiatives.

SeABank will use the loan to lend to micro, small, and medium-sized enterprises (MSMEs). SeABank said that they make up around half of employment in Vietnam but continue to face a financing gap.

The bank will also use the funding to support investments in energy efficiency, green buildings, rooftop solar, and electric mobility, SeABank said in a statement on 13 July 2026.

SeABank first received a loan from the OPEC Fund in 2022, aimed at supporting local SMEs and climate projects.

“This financing will help more companies access the capital they need to invest and expand, while supporting practical climate solutions that can strengthen competitiveness and resilience,” said Abdukhamid Alkhalifa, OPEC Fund president.