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EVF (Electric Power Finance Joint Stock Company) has completed a USD 25 million loan from the OPEC Fund for International Development (OFID) to expand funding for the small and medium-sized enterprise (SME) segment. On May 11, 2026, Emerging Markets Global Advisory LLP (EMGA) announced the completion of the USD 25 million credit facility (about VND 660 billion) between OFID and EVF.
The deal is EMGA’s first transaction for EVF in Vietnam. OFID is a multilateral development finance institution established in 1976 by OPEC member states. While OPEC focuses on oil policy, OFID concentrates on development in developing countries in the Global South.
According to the announcement, OFID’s cumulative commitments exceed USD 32 billion across 125 countries. In 2025, OFID disbursements totaled a record USD 3.2 billion, up 39%. OFID holds AA+ ratings from Fitch and S&P.
To date, total EVF financing approvals in Vietnam have reached USD 409.87 million. EVF’s investment portfolio in Vietnam is described as diversified across pillars, with the financial sector accounting for the largest share at USD 135 million, followed by transportation, agriculture and health.
EVF previously provided a USD 40 million loan to MSB (Maritime Bank) in 2023 and has extended credit to SeABank.
EVF’s Head of Capital Market, Mr. Dinh Ngoc Bao, said: “We are pleased to cooperate with EMGA to mobilize this capital from OFID. This transaction marks an important milestone in EVF’s strategy to expand financial access for the SME sector in Vietnam, a key driver of innovation and growth, and we share a close alignment with OFID to support entrepreneurship and sustainable private sector development.”
EMGA CEO and Head of Investment Banking, Sajeev Chakkalakal, added: “We are delighted to close this first transaction, ensuring EVF’s vision to support SMEs and climate-related initiatives in Vietnam. This is a positive experience working with OFID as a long-standing partner in expanding EVF’s footprint in Vietnam’s financial sector.”
Jeremy Dobson, EMGA CEO and Head of Operations, noted that the transaction is EMGA’s first engagement advising a non-banking financial institution in Vietnam. The loan is expected to diversify EVF’s funding base in the period ahead.
EVF, established in 2008, is listed on the Ho Chi Minh City Stock Exchange (HOSE). The company provides financial services to corporate and individual clients, including corporate financing, treasury management, and lending solutions.
As of May 12, 2026, EVF’s stock traded around VND 13,150 per share, down 1.13% from the prior session.
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