
VietcomBank signed a US $ 200 million credit agreement to support the renewable energy project
A credit package of USD 200 million in cooperation to finance capital for solar and wind power projects in Vietnam has been recently approved by Vietnam Joint Stock Commercial Bank for Foreign Trade (Vietcombank) and Japan International Cooperation Bank ( JBIC) signed on June 25, in Hanoi. Representatives of both parties exchanged the signing minutes This is a syndicated credit facility because JBIC is the leading bank to arrange capital and four leading commercial banks in Japan are MUFG Bank, Ltd., Mizuho Bank, Ltd., The Joyo Bank, Ltd., and The Nishi-Nippon City Bank, Ltd. The term of the loan is up to 14 years, in accordance with the demand for loans to invest in green energy projects in Vietnam. The credit contract between Vietcombank and JBIC does not only mean…