The Multilateral Investment Guarantee Agency, the political risk
insurance and credit enhancement arm of the World Bank Group, announced
its support to the Hoai Xuan Hydro Power Project in northeastern Viet
Nam.
The Vietnam Joint Stock Commercial Bank of Industry and Trade
(VietinBank) signed a US$100-million syndicated loan agreement arranged
by the Bank of Tokyo-Mitsubishi UFJ (BTMU) on April 16.
A seminar will be held on March 23-24 in Lam Dong Province to strengthen
investment cooperation in the agricultural sector between Japanese and
local businesses.
Improving the investment climate was vital if Viet Nam wanted to
attract more investments from Japan, experts said at the Viet Nam–Japan
Economic Summit 2013 yesterday.
VietinBank has finished selling nearly 20 per cent of its shares to Japanese bank of Bank of Tokyo-Mitsubishi UFJ with a net revenue of US$733 million.