Credit Suisse Group has signed deals to arrange financing of up to 700mio US$ for Vietnam Shipbuilding Industry Group.
The group also signed a deal to develop a financing program of up to 1 billion US$ and provide other financial services for Vietnam National Shipping Lines, the report added.
Paul Calello, Credit Suisse's Asia-Pacific chief executive, says that the two companies are “at the forefront of the rapid economic development taking place in Vietnam."
Credit Suisse forecasts the Vietnam economy will grow 9.2% in 2007, following estimated 8.2% growth in 2006.
Credit Suisse was the sole bookrunner of Vietnam's 750mio US$ debut sovereign bond issue in 2005 and has also been Vietnam's ratings adviser since 2002.
The Swiss bank also has a license to trade in domestic equities in Vietnam, as well as government and corporate bonds.
Source: Thanh Nien
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