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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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