(Finance) – SACE announces a new operation $42 million Push Strategy dedicated to the development of new export opportunities Made in Italy in Vietnam for businesses, in particular SMEswho operate in the sector Sugarcane and Food&Beverage.
The operation sees SACE alongside TTC AgriSa leader in sugar processing, distribution and trade in Vietnam.
SACE has guaranteed a total financing of 42 million dollars provided by ING in favor of TTC AgriS. The loan has a duration of five years and the company will be able to access long-term hard currency financingsupporting its growth and investments in both national and international markets in the Sugarcane and Food&Beverage sectors. The financing is accompanied by a commitment from the Group to increase supplies from Italy, supported by economic incentives. The operation is aimed at maximize business opportunities for Italian companiesfacilitating access to the Vietnamese market through Business Matching activities in Italy and Vietnam.
There Push Strategyin fact, it is the SACE program that offers Italian companies a passport to international markets, guaranteeing financing to foreign counterparts who undertake to increase purchases of goods and services from Italy. The Business Matchinga key element of the strategy organized by SACE in collaboration with the main players of the country systemfacilitates targeted meetings between Italian and foreign companies to develop new collaborations and expand export opportunities.