Vietnam to receive US$500 million in financing from Exim Bank

THE US Export-Import Bank and the Vietnamese government have agreed to US$500 million financing to boost sales of US equipment and services to Vietnam for high-priority infrastructure projects.

"This agreement is a continuation of the increasingly close ties that have been established between our countries starting in 1995," Ex-Im Bank chairman and president Fred Hochberg said in a statement.

"It expresses our readiness to help finance Vietnam's infrastructure development in key sectors such as communications, transportation including highway and rail projects, renewable energy and other types of power, wastewater treatment, and medical equipment and services," reported American Shipper.
(Source:www.schednet.com)