LienVietBank assigned to serve Mong Duong 1 thermo power plant

The governor of State Bank of Vietnam signed Decision No. 678/QD‐NHNN dated March 30 for assigning Lien Viet Commercial Joint Stock Bank (LienVietBank) to serve for the investment programme on Mong Duong 1 thermo power plant, the second loan offered by Asian Development Bank (ADB).

This is the $902.85 million offered by ADB under the Loan Agreement No 2610‐VIE (SF) signed on November 9, 2010 between representatives of Socialist Republic of Vietnam and ADB.

The governor has assigned LienVietBank’s general director of following the regulations stated in Decision No 131/2006/ND‐CP and other guidance documents issued by State Bank of Vietnam, Ministry of Finance and ADB’s guidances to serve for this programme. – Vietbiz24

Tags: LienVietBank assigned, Mong Duong 1 thermo power plant

Posted by VBN on Apr 1 2011. Filed under Banking-Finance, Energy. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry