The Development Investment Fund of Ha Noi plans to disburse VND1 trillion (US$62.9 million) and loan another VND300 billion on development projects in the capital in 2006, said fund director Dang Khoa Binh.

VILAF acted for Sacombank as borrower in relation to a 10-year USD 150 million subordinated Tier 2 syndicated facility agreement arranged for Sacombank by FMO (the Netherlands Development Finance Company) and signed by participating development banks in Vietnam on 30 March 2011. It is the first subordinated loan to a commercial bank in the country's history.

VILAF has won in “Asian-Counsel’s Deals of the Year 2009” for its role as local counsel for the issuer in relation to the offering and listing of convertible bonds on SGX. Below are some major details of this CB offering:

The State Bank of Viet Nam (SBV) plans to limit the establishment of new banks in forthcoming years under a draft regulation on banking administration, according to a bank source. The central bank’s policy is to emphasise enhancing the quality of existing commercial banks, and will only permit new banks to open under very high conditions.

The World Bank will grant a US$200 million loan to help Viet Nam conduct a second electricity transmission and distribution project.

The State Bank of Viet Nam will allow credit institutions to use bonds to finance certain transactions, in a move expected to increase the liquidity of certain Government and municipal bonds. The bonds eligible for use are Government bonds issued by the Development Assistance Fund or by Ha Noi or HCM City municipal authorities.

Foreign-invested enterprises can issue bonds to satisfy their capital demand, although this issuance is not regulated by the Foreign Investment Law, according to a ministry official.

A 10-year USD 150 million subordinated Tier 2 syndicated facility agreement arranged for Sacombank by FMO (the Netherlands Development Finance Company) was signed by a group of participating development banks in Vietnam today. It is the first subordinated loan to a commercial bank in the country's history. To mark this special occasion, a signing ceremony was held at the Reunification Palace in Ho Chi Minh City.

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