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China Development Bank provides $200 million loan to Bank for Investment and Development of Vietnam (BIDV) for on-lending purposes
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) |
| Country | Viet Nam |
| Start Date | Nov 05, 2015 |
| End Date | Feb 15, 2027 |
| Duration | 4,120 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 64487 |
Grant Description
China Development Bank provides $200 million loan to Bank for Investment and Development of Vietnam (BIDV) for on-lending purposes On December 22, 2011, China Development Bank (CDB) signed a letter of intent to issue a $200 million loan to Bank for Investment and Development of Vietnam (BIDV)— a state-owned bank— for on-lending purposes.
Then, on November 5, 2015, CDB and BIDV signed the final $200 million loan agreement.
The proceeds of the loan were to be used by BIDV to on-lend in support of economic development projects (power, telecommunication, agricultural, transport, construction) in Vietnam.
This was the second credit package that CDB granted to BIDV following a $100 million loan in 2010 (see Record ID#85378).
Sources & References
- BIDV borrows 200 mln USD from China's development bank
- 越南投资发展股份商业银行与中国国家开发银行签署贷款协议, 《国际商报》：开发性金融助力开放型经济
- 中国同越南的关系
- BIDV: Chinese bank offers $200 million loan
- Chinese bank to lend $200m to BIDV
- 中国援助菲律宾100万美元 提供越南2亿美元贷款
- China Development Bank offers US$200 million loan package
- China's Overseas Development Finance
- 中越双方签署五个经贸合作文件
- No.27/2011: BIDV and China Development Bank sign Letter of Commitment and USD200-million credit agreement
- No.80/2015: BIDV and China Development Bank sign USD200-million Loan Facility Agreement 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.
All Grantees
Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV)
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