Last Updated March 26, 2008
The Czech Export Bank (CEB) has agreed to co-finance with the state-run Bank for Investment and Development of Vietnam (Vietindebank) a number of infrastructure developments in Vietnam. Loan agreements were signed on Friday, March 21st, during a visit to Hanoi by the Czech prime minister Mirek Topolanek.
One of the largest loans is worth approximately US$720mn to support the construction of a highway in the southern region of Vietnam. A further US$236mn is being lent in support of a transport system, a brewery and a waste treatment plant.
Vietindebank is also in the process of planning its initial public offering (IPO) later this year.
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