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TPP: VIB Bank credit agreement supports Texhong “yarn-forward” FDI

Bà Đàm Bích Thủy, CEO VIB, former CEO ANZVietnam International Bank (VIB) signed an agreement with Texhong Yinlong, a subsidiary of Hong Kong-based Texhong Textile Group, on a VND420-billion credit (about US$20 million) for the textile company to develop its project in Quang Ninh Province.

Dam Bich Thuy, general director of VIB, said: “We’re very proud of being chosen to provide funding and financial solutions for an FIE with large investment in Vietnam. The VND420-billion credit for Texhong will be a key to Texhong’s success in Vietnam and besides, it will create 5,000 jobs for the people in Quang Ninh and nearby provinces.”

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Ambassador Shear: Visiting Quang Ninh Province

U.S. Ambassador David ShearVISITING QUANG NINH PROVINCE

Exciting work and projects are happening all over Vietnam. Last week I visited Quang Ninh province to learn firsthand from local leaders and businesses about some of these projects.

I was struck by the energy and ‘can do’ attitude of the Quang Ninh leadership and its people. From the hard working miners that power Vietnam’s economy to leaders proposing new and innovative economic policies, Quang Ninh is a place where things are happening. Read more