The Governor of the State Bank of Vietnam (SBV) issued Decision No. 636/QĐ-NHNN on March 31 to appoint the Vietnam Joint – Stock Commercial Bank for Industry and Trade (Vietinbank) as the service bank for “Vietnam Improved Land Governance and Database” Project in line with Financing Agreement No. 5887-VN signed between the Socialist Republic of Vietnam and the World Bank (WB) on December 23, 2016.
Under this decision, the General Director of the Vietinbank is responsible for providing banking services to the project in line with Decree No. 16/2016/NĐ-CP dated March 16, 2016 on ODA management and utilization, and preferential loans from foreign donors, and following the guidelines of the SBV, the Ministry of Finance and the WB.
The Decision took effect from the date of signing.
Le Hang