The Governor of the State Bank of Vietnam (SBV) issued Decision No.274/QĐ-NHNN on March 10, 2015 to appoint the Joint-Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) as the service bank for the Ha Noi and Ho Chi Minh City Power Grid Development Project under Credit Agreements 3161–VIE and 8286-VIE signed between the Socialist Republic of Vietnam and the Asian Development Bank (ADB) on November 7, 2014.
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The General Director of the Vietcombank is responsible for providing banking services to the project in line with Decree No. 38/2013/ND-CP dated on April 23, 2013 on management and utilization of official development assistance (ODA) and concessional loans from donors, and the guidelines of the SBV, the Ministry of Finance and the ADB.
VMH