Vinfast signs 950 million USD agreement for machinery Business

Vinfast signs 950 million USD agreement for machinery

VinFast Trading and Production Limited Liability Company (VinFast) has entered into a 950 million USD financing agreement guaranteed by Euler Hermes and the German Export Credit Agency (ECA) to support the country’s first automotive and motorcycle manufacturing complex, Vinfast announced in its press release.
Business

VietinBank secures foreign banks’ loan

The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has secured a loan worth 120 million EUR (155 million USD) from Sumitomo Mitsui Banking Corporation (SMBC) and German Development Bank (KFW) to realise its faster growth in 2013.