The Governor of the State Bank of Vietnam (SBV) issued Decision No.1427/QĐ-NHNN on July 10, 2017 to appoint service banks for Project of “Greater Mekong Subregion Ben Luc-Long Thanh Expressway– The second loan” funded by the Asian Development Bank (ADB).
Accordingly, the SBV Governor assigned Vietnam Bank for Agriculture and Rural Development (Agribank) as the serving bank for Project of “Greater Mekong Subregion Ben Luc-Long Thanh Expressway– The second loan” funded by ADB under the Loan Agreement No.3391-VIE and No.3494-VIE dated January 9, 2017 signed between the representatives of the Socialist Republic of Vietnam and the ADB.
The General Director of Agribank is responsible for providing banking services to the above mentioned projects 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.1427/QĐ-NHNN took effect from the date of signing.
Thoa Le