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Background

Financing the procurement of equipment for the construction of solar power plants in Vietnam

  • State
    Vietnam
  • Client
    HOCHIMINH CITY DEVELOPMENT JOINT STOCK COMMERCIAL BANK (HDBank)
  • Implementation date
    2021
  • Volume
    USD 4.8 mln
  • Field of activity
    SDG aligned financing
  • This is a forfaiting operation to repurchase a letter of credit debt in the amount of USD 4.8 million for a term of 16 months. IBEC financing ensures the procurement of equipment for the construction of solar power plants in Vietnam. This forfeiting operation not only provides support for international trade and the promotion of high-tech equipment in the member countries of the Bank, but also contributes to the development of sustainable renewable energy, which directly correlates with SDG 7.

Project news

First trade finance deal with HDBank
First trade finance deal with HDBank
09.04.2021
International Bank for Economic Co-operation has started cooperation in the field of trade finance with HOCHIMINH CITY DEVELOPMENT JOINT STOCK COMMERCIAL BANK (HDBank), Vietnam. This is a forfaiting operation to repurchase a letter of credit debt in the amount of USD 4.8 million for a term of 16 months. IBEC financing ensures the procurement of equipment for the construction of solar power plants in Vietnam.
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