US$100 million credit agreement signed

Vietcombank signed a credit deal with Italian bank Intesa Sanpaodo and Export Credit Agency (SACE) on July 3 to borrow US$100 million.

Intesa Sanpaolo will provide a three-year loan which is guaranteed by SACE at 70% of the value.

The deal is of great importance for the promotion of trade between Vietnam and Italy. It will also support the payment and credit activities for businesses from both countries.

ND

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