Project ID: 63675

CDB pledges loan to Hanoi Export-Import Company (Geleximco Group) for unspecified purposes

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Summary

Funding agency [Type]

China Development Bank (CDB) [State-owned Policy Bank]

Recipient

Vietnam

Sector

Unallocated/unspecified (Code: 998)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

No

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2011-12-22

Description

According to December 22, 2011 press release from the PRC Ministry of Commerce, China Development Bank (CDB) issued a loan commitment letter to the Hanoi Export-Import Company (or Geleximco Group or 河内综合进出口股份公司) for unspecified purposes. The borrowing terms of the prospective loan are unknown.

Additional details

AidData has not identified any evidence that this land pledge ever resulted in the issuance of an actual loan (i.e. an official commitment). This loan pledge was signed as part of a larger package of economic and trade cooperation documents that were signed on December 12, 2011.

Number of official sources

3

Number of total sources

3

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Details

Cofinanced

No

Direct receiving agencies [Type]

Hanoi Export-Import Company (Geleximco Group) [Private Sector]

Implementing agencies [Type]

Hanoi Export-Import Company (Geleximco Group) [Private Sector]

Loan Details

Bilateral loan