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Proparco signed a US$15 million investment in Mekong Enterprise Fund IV to support the growth of the dynamic private sector in Vietnam.

With a size of US$246 million, MEF IV will invest in SMEs and mid-size companies meeting the high local demand in sectors such as health, education, access to consumer goods and services, financial inclusion and logistics.

Mekong Capital pioneered the private equity market in Vietnam, being the 1st private equity team established in the country. Since its creation in 2001, the goal of Mekong Capital has always been to contribute to the growth of the country’s local private sector, one of the most dynamic in the region.

MEF IV is Mekong Capital’s fifth investment vehicle, which attests to the experience of the team and to its knowledge of the existing needs and opportunities in Vietnam. Having frequently worked with other development finance institutions such as IFC, Mekong Capital also benefits from extensive experience promoting high ESG standards in invested companies.

SMEs and job creation at the heart of Proparco’s mandate

This operation is expected to support more than 15,000 direct and indirect jobs over the coming years. This project is therefore fully in line with Proparco’s mandate to support job-creating SMEs and corporates in developing and emerging economies. It will also contribute to Sustainable Development Goal #8 (“Decent Work and Economic Growth”) and #10 (“Reduced Inequalities”).