SACE: new $42 million Push Strategy to support exports from Italian SMEs to Vietnam

Rome, 31 October 2024 - SACE announces a new $42 million Push Strategy initiative aimed at creating new export opportunities for Italian companies, particularly SMEs operating in the Sugarcane and Food & Beverage sectors, in Vietnam

The transaction sees SACE partnering with TTC AgriS, a leading player in Vietnam’s sugar processing, distribution and trading. SACE has guaranteed a $42 million loan granted by ING to support TTC AgriS. The five-year loan will enable the company to access long-term hard currency financing, enabling growth and investments across both domestic and international markets within the Sugarcane and Food & Beverage sectors. The financing is paired with TTC AgriS’ commitment of to increase sourcing from Italy, with additional economic incentives to support their effort. The transaction aims to maximise business opportunities for Italian companies by facilitating their entry into the Vietnamese market through Business Matching activities, held in both Italy and Vietnam.

Italy and Vietnam share a common vision for sustainable agriculture, further reinforcing the value of this partnership.

SACE's Push Strategy programme provides Italian companies a gateway to international markets by offering financing to foreign counterparties that commit to increasing their purchases of goods and services from Italy. The Business Matching, a core feature of this strategy organised by SACE in collaboration with the key national institutions, facilitates the connection between Italian and foreign companies to foster new partnerships and expand export opportunities.