BIDV, Vinalines sign comprehensive cooperative agreement

The Bank for Investment and Development of Vietnam (BIDV) signed a comprehensive cooperative agreement with the Vietnam National Shipping Lines Corp (Vinalines) on January 5.

Under the agreement, BIDV will provide Vinalines a loan worth 15 trillion VND in the 2009-2011 period to invest in developing its seaports, fleets and marine services.

In addition, the two sides will cooperate in underwriting and securities.

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