Signing ceremony of the MoU on State investment credit between VDB's Operation Centers I and VEC
29/01/2024 12:01
On January 26, 2024, in Hanoi, VDB’s Operation Centers I and Vietnam Expressway Development Investment Corporation (VEC) have held a signing ceremony of Memorandum of Understanding (MoU) to finance VEC’s projects by State investment credit.
By this MOU, two parties will make further steps related State investment credit activities financing VEC’s projects, which for the period from 2024 - 2029, are up to VND10.000 billion.
Operation Centers I is to arrange capital meeting demand for VEC’s projects eligible to VDB credit and to coordinate with VEC to resolve difficulties and obstructions araising from loan application, process, disbursement and debt collection of VEC projects.
VEC, on its part, will provide a list of eligible investment projects, funding demand, situation and implementation progress of its investment projects and dully implement procedures of State investment credit as prescribed by VDB and State’s regulations in concern./.