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CDB provides $200 million loan to Vietcombank for unspecified purposes
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Bank of Foreign Trade of Vietnam (Vietcombank) |
| Country | Viet Nam |
| Start Date | Aug 29, 2011 |
| End Date | Feb 13, 2032 |
| Duration | 7,473 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 95981 |
Grant Description
CDB provides $200 million loan to Vietcombank for unspecified purposes On August 29, 2011, China Development Bank (CDB) and Vietcombank — a state-owned commercial bank in Vietnam — signed a $200 million loan agreement for unspecified purposes.
Staff Comments
1. Vietcombank is a state-owned commercial bank. It is majority-owned (74.8% equity stake) by the country’s central bank (State Bank of Vietnam).
Sources & References
MS . VU THANH MI NH 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
Bank of Foreign Trade of Vietnam (Vietcombank)
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