The Governor of the State Bank of Vietnam (SBV) issued Decision No. 2392/QĐ-NHNN on December 8 to appoint the Joint–Stock Commercial Bank for Investment and Development of Vietnam (BIDV) to be the service bank for the “Mekong Delta Integrated Climate Resilience and Sustainable Livelihoods Project” in line with Credit Agreement No. 5845-VN signed between the Socialist Republic of Vietnam and the World Bank (WB) on April 8, 2016.
Under this decision, the General Director of the BIDV is responsible for providing banking services to the project in line with Decree No. 16/2016/NĐ-CP dated March 16 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.
LH