HANOI, Vietnam, March 25, 2025 /PRNewswire/ -- The French Development Finance Institution (Proparco) and the Dutch Entrepreneurial Development Bank (FMO) have signed a loan agreement worth US$80 million, of which each party invest US$40 million, with Southeast Asia Commercial Joint Stock Bank (SeABank, stock code: SSB).
The funding strengthens SeABank's financial capacity to enhance financial access, improve capacities and expand key business areas for Vietnamese SMEs and women-owned enterprises; while improving the implementation of international practices in E&S risk management and climate change mitigation.
This also marks the beginning of a partnership focused on economic growth and financial inclusion.
Speaking at the ceremony, Mr. Le Van Tan - Chairman of the BOD (SeABank) highlighted SeABank's customer-centric commitment to guaranteeing equal financial access for all individuals and businesses, and emphasized: "The investment aligns with SeABank's sustainability strategy and enhances SeABank's ability to offer effective financial solutions, support SMEs, women-owned entrepreneurs, and climate action".
Mr. Olivier Brochet - French Ambassador to Vietnam expressed his support for Proparco's meaningful activities in the Vietnamese market, and shared: "As the Vietnam-France relationship has been elevated to a Comprehensive Strategic Partnership, we remain committed to supporting Vietnam's development. This cooperation is in line with our strategic direction and the common commitments at the G7 Summit 2024, particularly aims to address challenges of the new era through ecosystem protection and SMEs, women-owned entrepreneurs support".
Mr. Kees van Baar - Dutch Ambassador to Vietnam highlighted the Netherlands' role as Vietnam's largest European investor and trading partner, found common strengths in water resources, and shared development objectives of driving growth in Vietnam focusing on SMEs and women-owned enterprises. Mr. Kees van Baar emphasized the reason for choosing SeABank as partner: "SeABank has a clear strategic vision in providing financial solutions that support private enterprises, SMEs, and women-owned enterprises; along with international reputation and network to implement these initiatives. I believe that FMO and Dutch enterprises, together with SeABank and its ecosystem partners will have cooperative opportunities in the near future".
With this investment, SeABank's total international mobilization has reached nearly US$1.1 billion. This includes loans, credits, and trade finance from major financial institutions such as DFC, IFC, AIIB, Norfund, and OPEC Fund, etc. The growing trust from global partners demonstrates SeABank's strong reputation, operational efficiency, and commitment to supporting SMEs and women-owned enterprises.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
SeABank receives investment of US$80 million from Proparco and FMO - the French and Dutch government-owned financial institutions
BATAM, Indonesia, April 29, 2025 /PRNewswire/ -- Pegatron, a global technology leader, has officially inaugurated its new smart manufacturing facility in Batam, Indonesia. The factory combines advanced Artificial Intelligence (AI), automation, and 5G connectivity, marking a key milestone in Pegatron's global digital transformation journey.
To power this transformation, Pegatron has partnered with Telkomsel, Indonesia's largest digital telecommunications provider and first 5G operator. Through its enterprise unit, Telkomsel delivers a Standalone (SA) 5G Private Network, ensuring secure, high-speed connectivity across the production area. The collaboration also includes 1,200 SIM cards to support Internet of Things (IoT) devices for real-time machinery and production monitoring. Telkomsel is simultaneously strengthening its public network to enhance workforce mobility and operational productivity.
"Our partnership with Telkomsel lays the foundation for a connected, adaptive, and efficient Smart Factory," said Gary Cheng, Pegatron President and CEO. "With Telkomsel's strong digital infrastructure, we are driving operational transformation and supporting the growth of Indonesia's high-tech sector."
Adis Alifiawan, Director of Spectrum Planning at the Ministry of Communication and Information Technology, underscored the national significance of the project. "Indonesia is becoming not just a market, but a producer and innovator in global technology," he said.
The factory's 5G Private Network enables seamless integration of thousands of sensors and machines, supporting automation, data-driven decision-making, and optimization of cost, quality, and maintenance processes.
Wong Soon Nam, Planning & Transformation Director of Telkomsel, highlighted the broader impact of the partnership. "Our customized 5G solution empowers Pegatron to boost efficiency and competitiveness in the Industry 4.0 era," he said. This collaboration was first announced at Mobile World Congress (MWC) 2025.
Indonesia's manufacturing sector is showing strong growth, with rising output and new orders in 2024. A projected 5.2% GDP increase in 2025 and favorable investment conditions continue to attract global players to the region.
Setia Diarta, Director General at the Ministry of Industry, praised the companies' efforts. "This partnership shows how emerging technologies can support inclusive and sustainable industrial growth," he said.
Pegatron's Batam facility reflects its broader commitment to innovation, sustainability, and workforce development, advancing future technologies such as robotics, mobility solutions, and next-generation connectivity.
For media inquiries, please contact:
Pegatron Indonesia Communications Team
Email: pegatron5g@pegatroncorp.com
Website: www.pegatroncorp.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Pegatron Inaugurates AI- and 5G-Powered Smart Factory in Batam, Strategic Collaboration with Telkomsel Accelerates Smart Manufacturing Transformation in Indonesia
Pegatron Inaugurates AI- and 5G-Powered Smart Factory in Batam, Strategic Collaboration with Telkomsel Accelerates Smart Manufacturing Transformation in Indonesia
Pegatron Inaugurates AI- and 5G-Powered Smart Factory in Batam, Strategic Collaboration with Telkomsel Accelerates Smart Manufacturing Transformation in Indonesia
