JavaScript is off. Please enable to view full site.

AIIB approves $100 million loan to Vietnam bank for COVID-19 response

AIIB approves $100 million loan to Vietnam bank for COVID-19 response

Saturday, July 18, 2020, 15:55 GMT+7
AIIB approves $100 million loan to Vietnam bank for COVID-19 response
A VP Bank employee assists a customer in this undated supplied photo.

BEIJING — The Asian Infrastructure Investment Bank (AIIB) said on Friday it would lend $100 million to the Vietnam Prosperity Joint Stock Commercial Bank to help the bank lend more to private firms disrupted by the novel coronavirus disease (COVID-19) pandemic. 

The project will be co-financed by the International Finance Corporation, the AIIB said in a statement. 

The loan is part of the AIIB’s $10 billion funding facility to help public and private sectors fight the outbreak.

Reuters

Read more

;

Photos

VIDEOS

‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

Latest news

S.Korea says THAAD missile system is means of self-defence - News1

South Korea's presidential office said on Thursday the U.S. THAAD missile defence system stationed in the country is a means of self-defence, News1 reported, after Beijing demanded Seoul not deploy additional batteries and limit the use of the existing ones