NIB Grants Loan To Vietnam

The Nordic Investment Bank, NIB, signed a general loan proggramme worths USD 30 million with Vietnam’s Ministry of Finance.
The loan will be used for Vietnam’s National Coal-Mineral Industries Group.
According to NIB website, the Bank has been granting long-term credits, since 1996, with a maximum maturity of 15 years and a five-year grace period for a number of projects in Vietnamese industrial sectors. The loans bring NIB’s total committed capital to Vietnam to USD 333 million.

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