Chinese Government provides RMB 100 million interest-free loan — via ETCA — for unspecified purposes

¥100M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Viet Nam
Country	Viet Nam
Start Date	Jan 01, 2002
End Date	Jul 12, 2031
Duration	10,784 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`64401`

Grant Description

Chinese Government provides RMB 100 million interest-free loan — via ETCA — for unspecified purposes On February 28, 2002, the Chinese Government and the Government of Vietnam signed an Economic and Technical Cooperation Agreement (ETCA) committing an RMB 100 million interest-free loan for unspecified purposes.

📋 Staff Comments

Since loan terms for the interest-free loan are unavailable, AidData has set maturity period to 20-years by default and grace period to 10-years by default per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity period of interest-free loans is 20-years, with a drawdown period of 5-years, grace period of 5-years, and repayment over 10-years. AidData treats the drawdown period as providing 5-years of additional grace.

📚 Sources & References

China hails improving ties with Vietnam
Impact of China's Rise on the Mekong Region - Yose Santasombat
美分析家评江泽民访问越南
中国同越南的关系 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.