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VietNamNews

BIDV receives foreign syndicated loan

Update: August, 30/2013 - 11:30
The Bank for Investment and Development of Viet Nam (BIDV) has signed a contract with seven foreign partners to borrow a total of US$140 million.— Photo vov

HA NOI (VNS)— The Bank for Investment and Development of Viet Nam (BIDV) has signed a contract with seven foreign partners to borrow a total of US$140 million.

The seven lenders are Cathay United Bank, China Construction Bank, Indovina Bank, Far East National Bank, Shanghai Commercial and Savings Bank, Vinasiam Bank, and Hua Nan Commercial Bank.

The syndicated loan will enable BIDV to increase capital capacity for national development projects. It is the largest sum of its kind ever granted to a Vietnamese bank, showing the lenders' trust in BIDV performance. — VNS



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