China to lend $200 mln to Vietnam's BIDV

[beijingwalker]

China to lend $200 mln to Vietnam's BIDV
HANOI Dec 21 (Reuters)

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State-run China Development Bank has agreed to lend $200 million to Vietnam's state lender BIDV to help fund various projects including those in the energy and telecoms sectors, BIDV said on Wednesday.

The Chinese bank signed a letter of commitment for the five-year loan with BIDV in Hanoi, unlisted BIDV said in a statement.

Funds from the loan, the second in the past two years, would also be used for projects in agricultural production, BIDV said, without giving details of the credit.

The signing took place on the first day of a Vietnam visit by Chinese Vice President Xi Jinping.

BIDV said it took a three-year loan worth $100 million from the Chinese bank in 2010.

BIDV, or the Bank for Investment and Development of Vietnam, is the country's second-largest lender by assets after Agribank. Both of them are fully owned by the state.

BIDV has planned an initial public offering on domestic markets on Dec. 28 to sell 3 percent of its shares before teaming with a foreign strategic investor next year.

 

[Sin Pateh]

Silly move!!!

 

[ChinaToday]

very bad news they will never pay back the loan

 

[beijingwalker]

Vietnamese economy is totally in Chinese hands,the money will go to the Chinese based companies in Vietnam,that will better consolidate China' grip on this country's economy.

 

[rai_kamal]

very bad news they will never pay back the loan

Can they do that, ???
If they can,then even US will also do the same with you people..
Just think about it..

---------- Post added at 09:24 PM ---------- Previous post was at 09:24 PM ----------

very bad news they will never pay back the loan

Can they do that, ???
If they can,then even US will also do the same with you people..
Just think about it..

 

[ephone]

U.S. need care about its reputation since U.S. $ is the foundation for international business transactions. Being default will have dramatic consequence.

For vn, it has no such worry.

Can they do that, ???
If they can,then even US will also do the same with you people..
Just think about it..

---------- Post added at 09:24 PM ---------- Previous post was at 09:24 PM ----------


Can they do that, ???
If they can,then even US will also do the same with you people..
Just think about it..

 

[Jiang]

US can at least print more USD to pay, VN got nothing.

 

[Pakistanisage]

This should shut up the Vietnamese Trollers on PDF.......

 

[Viva_Viet]

The signing took place on the first day of a Vietnam visit by Chinese Vice President Xi Jinping.

Want to have VN to stay in China's side, Mr.vice president ?? Oki, we need 200 billion in the beginning now

 

[Sasquatch]

Bad Idea.

 

[ChinaToday]

Can they do that, ???
If they can,then even US will also do the same with you people..
Just think about it..

---------- Post added at 09:24 PM ---------- Previous post was at 09:24 PM ----------


Can they do that, ???
If they can,then even US will also do the same with you people..
Just think about it..

Us is more credit and trust worthy than vietnam

---------- Post added at 11:59 PM ---------- Previous post was at 11:56 PM ----------

Lol powerful vietnam begging for loan from china how shameful

 

[bigfeet]

Man, I love CHINA!!

 

[Sasquatch]

Want to have VN to stay in China's side, Mr.vice president ?? Oki, we need 200 billion in the beginning now

Were against giving you $200 million what makes you think we would want to give you 200 billion.

 

[ChinaToday]

Were against giving you $200 million what makes you think we would want to give you 200 billion.

Exactly they only worth $200 millions not a penny more

 

[Sasquatch]

Man, I love CHINA!!

Don't know if sarcastic or not however if you love China more then Vietnam