ANNOUNCEMENT 11 Jul 2013A new trade finance transaction was announced in July 2013.
NUMBER OF INTERVENTIONS
On 11 July 2013, the Government of India agreed to provide a loan of USD 19.5 million to the Government of Vietnam for financing machinery, equipment, goods and services for the Nam Trai-V hydropower project and Binh Bo pumping station. The credit agreement came into force on 27 December 2013.
The credit is provided by the Export Import Bank of India (EXIM) and requires that at least 75% of the contract price for goods and services associated with the project is sourced from India.