The Governor of the State Bank of Vietnam (SBV) issued Decision No.34/QĐ-NHNN on January 9, 2017 to appoint banks as the service banks for the supplemental financing of the Urban Water Supply and Wastewater Project funded by the World Bank (WB).
Accordingly, the SBV Governor assigned service banks for components of supplemental financing of the Urban Water Supply and Wastewater Project under Loan Agreement No. 8621-VN and Credit Agreement No.5817-VN signed between the Socialist Republic of Vietnam and the WB, particularly:
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) as the serving bank for the activities of project managed and disbursed by Ministry of Construction.
The Vietnam Maritime Joint - Stock Commercial Bank (MSB) as the serving bank for the component of the Urban Water Supply and Wastewater Project for Di An area managed and disbursed by People’s Committee of Binh Duong Province.
Under this decision, the General Director of the Vietcombank, MSB are responsible for providing banking services to the project in line with Decree No.16/2016/NĐ-CP dated March 16, 2016 on management and utilization of ODA and preferential credit from foreign sponsors, and the guidelines of SBV, the Ministry of Finance and the WB.
The Decisions No.34/QĐ-NHNN took effect from the date of signing.
Thoa Le