US Ex-Im Bank tends to expand investment in VN
The Export-Import Bank (Ex-Im Bank) of the US wants to broaden its
investment to aviation, satellite, nuclear power, and infrastructure
construction in Vietnam, said Chairman Fred Hochberg.
The Export-Import Bank (Ex-Im Bank) of the US wants to broaden its
investment to aviation, satellite, nuclear power, and infrastructure
construction in Vietnam, said Chairman Fred Hochberg.
At his meeting with Governor of the State Bank of Vietnam (SBV) Nguyen Van Giau in Hanoi on June 14, the Ex-Im Bank Chairman affirmed that Vietnam is one of the bank’s nine key markets in the world.
SBV Governor Giau noted that the Ex-Im Bank’s increased operation in Vietnam will contribute to boosting trade between the two countries.
He asked the US bank to provide credits for Vietnam to help it develop the sectors with potential for development, such as renewable energy, biotechnology and road construction.
Both the bank leaders agreed that the Vietnam-US ties have developed robustly over recent years, especially in bilateral trade which reached 15 billion USD in 2009 despite adverse impact from the global financial crisis and economic recession.
Vietnam ’s exports to the US have risen sharply in recent years. In the first five months of the year, the country’s exports rose 11.5 percent over the same period last year
The same day, the US bank signed with the Vietnam Development Bank a credit deal worth 500 million USD for projects relating to communications, expressway, railway, renewable energy, waste treatment and medical equipment.
Operating in Vietnam since 1998, the US Ex-Im Bank has so far guaranteed loans and export credits and provided loans totaling 231 million USD in Vietnam./.
At his meeting with Governor of the State Bank of Vietnam (SBV) Nguyen Van Giau in Hanoi on June 14, the Ex-Im Bank Chairman affirmed that Vietnam is one of the bank’s nine key markets in the world.
SBV Governor Giau noted that the Ex-Im Bank’s increased operation in Vietnam will contribute to boosting trade between the two countries.
He asked the US bank to provide credits for Vietnam to help it develop the sectors with potential for development, such as renewable energy, biotechnology and road construction.
Both the bank leaders agreed that the Vietnam-US ties have developed robustly over recent years, especially in bilateral trade which reached 15 billion USD in 2009 despite adverse impact from the global financial crisis and economic recession.
Vietnam ’s exports to the US have risen sharply in recent years. In the first five months of the year, the country’s exports rose 11.5 percent over the same period last year
The same day, the US bank signed with the Vietnam Development Bank a credit deal worth 500 million USD for projects relating to communications, expressway, railway, renewable energy, waste treatment and medical equipment.
Operating in Vietnam since 1998, the US Ex-Im Bank has so far guaranteed loans and export credits and provided loans totaling 231 million USD in Vietnam./.
You should also see
Youths' efforts yield socio-economic fruits
Many activities were carried out across the nation during the Vietnam’s Youth Month, an annual festivity taking place in March to celebrate the establishment of the Ho Chi Minh Communist Youth Union (HCYU), contributing to the nation’s socio-economic development, heard a conference held by the union's Central Committee in Hanoi on April 23.
See more
Business
Vietnam attends Asia’s biggest food, hospitality expo in Singapore
Five Vietnamese enterprises operating in the fields of food and hospitality are attending the Food & Hotel Asia (FHA) 2024 which is taking place in Singapore from April 23-26.
Business
SBV takes more actions to stabilise foreign exchange rates
The State Bank of Vietnam (SBV) on April 23 took some moves like issuing treasury bills (T-bills), further employing T-bills as an open market operation (OMO), and stipulating liquidity and interest rates in the inter-bank market in the face of surging USD/VND exchange rates.
Business
Businesses concerned about rising exchange rate pressure
Though the State Bank of Vietnam (SBV) has announced it is selling the US dollar to intervene in the USD/VND exchange rate since April 19, the greenback price has remained high, which has been directly affecting many domestic enterprises.
Business
Pepper prices continue increase trend
Pepper prices are forecast to soon exceed 100,000 VND per kilo on the domestic market.
Business
French auction house to open office in Vietnam
France’s Millon Auction House has decided to open its representative office in Vietnam, and is preparing necessary steps for the official opening of the office in the near future.
