Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

VIB Bank and VFC tie up to finance Vietnamese shipbuilding

VIB Bank and VFC tie up to finance Vietnamese shipbuilding

Ha Noi: The Vietnam International Bank (VIB) and the Viet Nam Shipbuilding Industry Finance Company (VFC) signed an agreement on Wednesday to jointly finance projects in the shipbuilding, marine transportation and support industries, reports the Vietnam News Agency.

VIB and VFC are expected to lend the Vinashin Group's subsidiaries up to VND1 trillion ($62.5m) as one of their first deals. "The agreement expresses VIB Bank's efforts to boost its co-operation and investment in the shipbuilding industry, one of the country's key industries," a bank representative is reported as having said.  [30/11/07]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.