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    Signature(s)

    Amount
    € 30,000,000
    Countries
    Sector(s)
    Vietnam : € 30,000,000
    Credit lines : € 30,000,000
    Signature date(s)
    8/12/2005 : € 30,000,000
    Link to source

    Summary sheet

    Release date
    19 May 2005
    Status
    Reference
    Signed | 08/12/2005
    20040570
    Project name
    Promoter - financial intermediary
    Credit Line to Ministry of Finance
    Ministry of Finance of the Socialist Republic of Vietnam
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 30 million.
    EUR 60 million.
    Location
    Sector(s)
    Description
    Objectives

    Credit line structured as a global loan for financing small and medium-size projects in industry, agro-industry, infrastructure, tourism, energy and telecommunications, related services and eligible health and urban development sectors.

    The envisaged cooperation with the Ministry of Finance is key to developing a significant and lasting presence in Vietnam, which is a potentially promising market for the Bank in its effort to support EU companies in emerging markets.

    Environmental aspects
    Procurement

    The borrower will be requested to ensure that the final beneficiaries comply with the local legislation and EIB rules and guidelines.

    Normal procedures.

    Comments

    Agro-industry, infrastructure, tourism, energy and telecommunications, related services and eligible health and urban development sectors.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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