The China Development Bank will lend US$200 million to the Bank for Investment and Development of Vietnam to develop several projects.
These include electricity, telecommunications, agriculture, transport, light industry and building material projects.
The money will be paid back to the Chinese bank over five years.
This is the second preferential credit package CDB has granted to BIDV following its US$100 million loans last year.
BIDV is striving to become a multimodal financial-banking group that provides services meeting international standards.
Join Singapore Business Review community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!