The Governor of the State Bank of Vietnam (SBV) issued Decision No. 2461/QĐ-NHNN on December 19 to appoint the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) as the service bank for the Can Tho Urban Development and Resilience Project (CTUDRP) under the Credit Agreement No.8598-VN and Grant Agreement No.5779-VN signed between the Socialist Republic of Vietnam and the World Bank on July 11, 2016.
Under this decision, the General Director of the Vietcombank is responsible for providing banking services to the project in line with Decree No.16/2016/NĐ-CP dated March 16, 2016 on ODA management and utilization, and the guidelines of SBV, the Ministry of Finance and the WB.
Nguyen Giang