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VIETNAM - China Development Bank to lend $200 mln to Vietnam's BIDV  DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

VIETNAM - China Development Bank to lend $200 mln to Vietnam's BIDV

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VIETNAM - China Development Bank to lend $200 mln to Vietnam's BIDV  Empty VIETNAM - China Development Bank to lend $200 mln to Vietnam's BIDV

Post by lexie Wed Dec 21, 2011 4:53 pm

December 21, 2011

China Development Bank to lend $200 mln to Vietnam's BIDV

The China Development Bank (CDB) will lend US$200 million to the Bank for Investment and Development of Vietnam (BIDV) to develop electricity, telecommunications, agriculture, transport, light industry and building material projects.

A letter of commitment to this effect was signed in Hanoi on December 21 by the two banks’ representatives in the presence of Vietnamese Vice President Nguyen Thi Doan and his visiting Chinese counterpart Xi Jinping.


The money will be paid back to the Chinese bank over five years.


This is the second preferential credit package CDB has granted to BIDV following its US$100 million loans last year.
BIDV is striving to become a multimodal financial-banking group that provides services meeting international standards.


http://www.vietfinancenews.com/2011/12/china-development-bank-to-lend-200-mln.html#more

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