Global Trade Alert
Global Trade Alert

Japan: JBIC signs buyer’s credit agreement to support Japanese exports of steam turbines to Viet Nam

Announcement

22 Aug 2013

On 22 August 2013, the Japan Bank for International Cooperation (JBIC) signed a buyer's credit agreement with the Vietnam Oil and Gas Group (Petrovietnam) to finance the purchase of steam turbines and related machinery and equipment from a consortium consisting of a Japanese and Korean manufacturer.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

22 Aug 2013

Revocation date:

No revocation date

Trade finance In force

The buyer's credit agreement between JBIC and the Vietnam Oil and Gas Group (Petrovietnam) has an approximate total value of USD 85 million. Additionally, the loan is cofinanced by a number of private...

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