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Vietnamese trade banks receive record IFC support
21 July 2011
IFC offers record funding for Vietnamese trade finance.
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Lien Viet Bank
Orient Commercial Bank
Tien Phong Bank
Vietnam International Bank
IFC
GTFP
An Binh Bank
Asia Commercial Bank
Saigon Thuong Tin Commercial Bank
IFC, a member of the World Bank Group, has committed a record $505 million over the last 12 months (fiscal 2011) to enable Vietnamese banks to help local companies increase their import and export activities and create jobs through its Global Trade Finance Programme (GTFP).
The programme, since its launch in Vietnam in late 2007, has helped improve the capacity of nine banks to cover the payment risk in granting trade...
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