Overview

CDB provides $200 million loan to Vietcombank for unspecified purposes

Commitments (Constant USD, 2023)$227,299,430

Commitment Year•2011Country of Activity•Viet NamDirect Recipient Country of Incorporation•Viet NamSector•Unallocated/unspecifiedFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Aug 29, 2011

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

Private Sector

Bank of Foreign Trade of Vietnam (Vietcombank)

Implementing agencies

Private Sector

Bank of Foreign Trade of Vietnam (Vietcombank)

Loan description

CDB provides $200 million loan to Vietcombank for unspecified purposes

Interest type•Unknown

Narrative

Full Description

Project narrative

On August 29, 2011, China Development Bank (CDB) and Vietcombank — a state-owned commercial bank in Vietnam — signed a $200 million loan agreement for unspecified purposes. The borrowing terms of the loan are unknown.

Staff comments

1. Vietcombank is a state-owned commercial bank. It is majority-owned (74.8% equity stake) by the country’s central bank (State Bank of Vietnam).