Brady Dougan, Chief Executive Officer of Credit Suisse Investment Banking, has expressed his desire to increase the bank's involvement in the financial market of Viet Nam and pour more investment into its key projects.
At a recent meeting with Finance Minister Vu Van Ninh in Ha Noi, Dougan said the improvement in Viet Nam's credit outlook as rated by Moody's Investors Service from stable to positive further proved the impressing development of the country's economy, education, laws and administrative reform.
Minister Ninh proposed that Credit Suisse Investment Banking well carry out its set projects and programmes to develop the Vietnamese financial market and help local businesses acquire more experiences to join the international market.
Credit Suisse Investment Banking has offered professional advices on equitisation to the Bank for Foreign Trade of Viet Nam (Vietcombank) and the Viet Nam Insurance Corporation (BaoViet).
The bank arranged loans worth 1.7 billion USD for the Viet Nam Shipbuilding Industry Group (Vinashin) and Viet Nam National Shipping Lines (Vinalines) and an export credit of 1 billion USD for Vietnamese commercial banks and businesses.
It also advised the Ministry of Finance on national credit rating and acted as the main guarantor for the first issue of government bonds in the international market in 2005.-
Source: VNA
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment