Overview

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

Commitments (Constant USD, 2023)$128,613,847

Commitment Year•2010Country of Activity•Viet NamDirect Recipient Country of Incorporation•Viet NamSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2010

Last repayment (originally scheduled): Dec 31, 2012

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

China Development Bank (CDB)

Receiving agencies

State-owned Banks

Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV)

Implementing agencies

State-owned Banks

Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV)

Loan description

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

Interest type•UnknownMaturity•3 years

Narrative

Full Description

Project narrative

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 Record ID#64487).