China Development Bank provides $100 million loan to Bank for Investment and Development of Vietnam (BIDV) for on-lending purposes

$100M USD

Funder	China Development Bank (CDB)
Recipient Organization	Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV)
Country	Viet Nam
Start Date	Jan 01, 2010
End Date	Nov 01, 2027
Duration	6,513 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`85378`

Grant Description

China Development Bank provides $100 million loan to Bank for Investment and Development of Vietnam (BIDV) for on-lending purposes In 2010, China Development Bank (CDB) provided a $100 million loan to Bank for Investment and Development of Vietnam (BIDV)— a state-owned bank— for on-lending purposes.

📋 Loan / Grant Terms

💰 Loan Amountcarried a 3-year maturity but no additional borrowing terms are available

📅 Maturity3 years

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. In 2015, CDB provided another loan to BIDV for the same purpose (see Record ID#64487).

📚 Sources & References

No.27/2011: BIDV and China Development Bank sign Letter of Commitment and USD200-million credit 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.