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VIB/MBank – import financing
02 March 2011
Bolstering Vietnamese trade
As Vietnam’s demand for keenly-priced import finance increased, two of the fastest-evolving banks in the local market opted for JP Morgan’s balance sheet strength and its relationship with the Asian Development Bank to bolster their trade finance capabilities, making this one of the most notable deals in Vietnam in 2010.
In a year when liquidity in the Vietnamese banking sector has come under considerable pressure, economic growth of nearly 6.5% has increased the demand for trade finance. Trade lending margins have been a challenge for all local market participants. Hanoi-headquartered Vietnam International Commercial Joint Stock Bank (VIB), which has been pushing hard towards international standards for risk management and...
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