Vietnam's BIDV gets $200M loan from Chinese bank

The China Development Bank will lend US$200 million to the Bank for Investment and Development of Vietnam to develop several projects.

These include electricity, telecommunications, agriculture, transport, light industry and building material projects.

The money will be paid back to the Chinese bank over five years.

This is the second preferential credit package CDB has granted to BIDV following its US$100 million loans last year.

BIDV is striving to become a multimodal financial-banking group that provides services meeting international standards.

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