Maritime Bank appointed as service bank for Additional Financing for Da Nang – Quang Ngai Expressway Project

The Governor of the State Bank of Vietnam (SBV) issued Decision No. 629/QĐ-NHNN on April 9, 2012 to appoint the Maritime Commercial Joint- Stock Bank (Maritime Bank) as the service bank for the Da Nang – Quang Ngai Expressway Project under Credit Agreements No.4941-VN and 4942-VN and Loan Agreement No. 8049-VN signed between the Socialist Republic of Vietnam and the World Bank (WB) on January 12, 2012.

Under this decision, the Chairman of the Board of Directors and General Director of the Maritime Bank are responsible for providing banking services to the project in line with Decree No. 131/2006/ND-CP dated November 9, 2006 on ODA management, and the guidelines of SBV, the Ministry of Finance and the WB.

This Decision took effect on the date of signing.

sbv

>   Interview with SBV Foreign Exchange Director General on gold trading management (11/04/2012)

>   SBV sets new maximum VND mobilizing interest rates (11/04/2012)

>   SBV cuts down benchmark interest rates (11/04/2012)

>   Dutch Bank eyes Vietnamese market (11/04/2012)

>   Dutch Bank eyes Vietnamese market (11/04/2012)

>   Electric cars’ tax chicane (11/04/2012)

>   Facebook, Google must pay Vietnamese taxes: ministry (11/04/2012)

>   Regulations issued on independent auditing (11/04/2012)

>   State Bank slashes key interbank interest rates (11/04/2012)

>   ADB estimates Vietnam FX reserves up around 25 pct in Q1 (11/04/2012)