CDB provides $1.05 billion loan to Vietnam Oil and Gas Group (Petrovietnam) for unspecified purposes

$1.05M USD

Funder	China Development Bank (CDB)
Recipient Organization	Vietnam Oil and Gas Group (Petrovietnam or PVN)
Country	Viet Nam
Start Date	Jan 01, 2010
End Date	Jun 27, 2030
Duration	7,482 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`92151`

Grant Description

CDB provides $1.05 billion loan to Vietnam Oil and Gas Group (Petrovietnam) for unspecified purposes In 2010, China Development Bank (CDB) signed a $1.05 billion loan agreement with Vietnam Oil and Gas Group (Petrovietnam) — a state-owned oil and gas company in Vietnam — for unspecified purposes.

📋 Loan / Grant Terms

💰 Loan Amountare unknown

AidData independently confirmed the existence of this loan agreement via correspondence with a Beijing-based law firm that served as an adviser on the transaction.

📚 Sources & References

JT&N 金诚同达律师事务所
Query re- CDB’s USD 1.05 billion credit loan project to Petrovietnam 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.