New loan agreements with Vietnam

NIB and Vietnam’s Ministry of Finance signed a general loan programme in the amount of USD 30 million and a loan programme for Vietnam National Coal-Mineral Industries Group in the amount of USD 50 million. Since 1996, the Bank has been granting long-term credits with a maximum maturity of 15 years and a five-year grace period for a number of projects in Vietnamese industrial sectors. The loans bring NIB’s total committed capital to Vietnam to USD 333 million.