US Exim bank eyes Viet Nam’s financial market
Hanoi (VNA) - Executives from the Export-Import Bank of the US (Ex-Im Bank) visited Viet Nam from August 21-25 to scout for opportunities in this burgeoning financial market.
According to the US Embassy, the visit by the bank’s President James Lambright and Senior Vice President for Finance Export John McAdams, was aimed at seeking opportunities to supply financial services for exports of US businesses in aviation, infrastructure, energy, marine transportation as well as to develop the bank’s commercial and financial services in Viet Nam.
During their visit, Lambright and McAdams held meetings with Vietnamese ministries and agencies and Vietnamese and US businesses. They also met with Prime Minister Nguyen Tan Dung, Governor of the State Bank of Viet Nam Nguyen Van Giau and Deputy Minister of Industry and Trade Bui Xuan Khu.
An official credit export agency of the US, Ex-Im Bank has helped to supply financial services to the export of US goods and services over the past 73 years, mainly to developing markets worldwide, revolving around loan guarantees, export credit insurance and direct loans.
In 2006, Ex-Im Bank underwrote loans by national carrier Vietnam Airlines to purchase four Boeing aircraft, which are scheduled to be delivered to the airline by 2009-10.
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