Project ID: 85378

China Development Bank provides $100 million loan to Bank for Investment and Development of Vietnam (BIDV) for on-lending purposes

Commitment amount

$ 139272693.57962403

Adjusted commitment amount

$ 139272693.58

Constant 2021 USD

Summary

Funding agency [Type]

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

Recipient

Vietnam

Sector

Banking and financial services (Code: 240)

Flow type

Loan

Level of public liability

Other public sector debt

Infrastructure

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2010-01-01

Description

In 2010, China Development Bank (CDB) provided a $100 million loan to Bank for Investment and Development of Vietnam (BIDV)— a state-owned bank— for on-lending purposes. The loan carried a 3-year maturity but no additional borrowing terms are available. The proceeds of the loan were to be used by BIDV to on-lend in support of economic development projects (power, telecommunication, agricultural, transport, construction) in Vietnam. In 2015, CDB provided another loan to BIDV for the same purpose (see Project #64487).

Number of official sources

1

Number of total sources

1

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Details

Cofinanced

No

Direct receiving agencies [Type]

Bank for Investment and Development of Vietnam (BIDV) [State-owned Bank]

Implementing agencies [Type]

Bank for Investment and Development of Vietnam (BIDV) [State-owned Bank]

Loan Details

Maturity

3 years

Bilateral loan

Inter-bank loan