Foreign infrastructure funds offer resilience

More foreign funding flowing into the infrastructure industry will help Vietnam sustain its growth momentum and resilience.

- By Olivia Bui

On March 30, HSBC Vietnam arranged a $200 million five-year syndicated term loan for Gelex Infrastructure, supporting the company's medium-term investment and expansion. The transaction was oversubscribed by double, bringing together 19 financial institutions, including HSBC.

Gelex Infrastructure specialises in industrial areas, utilities, and energy-related businesses. The loan strengthens Gelex's funding capacity to progress its growth agenda across its core business areas, supporting the development of essential infrastructure and contributing to Vietnam's broader economic activity and long-term growth.

Tim Evans, CEO and head of Banking at HSBC Vietnam, said, “Completing this significant syndicated term loan is a clear demonstration of what can be achieved when the right partners move quickly and work closely together. Despite uncertain market conditions and a tight timetable, we successfully brought together a broad syndicate of lenders and delivered a tailored solution to support Gelex Infrastructure's medium-term investment needs.”

On March 24, BW Industrial Development signed two MoUs with Becamex-VSIP Power Investment and Development as well as Vietnam-Singapore Smart Energy Solutions (VSSES) to enhance the power and renewable energy infrastructure.