Governor Nguyen Van Giau of the State Bank of Vietnam (SBV) issued Decision No. 1322/QĐ-NHNN on June 1 to appoint the Vietnam Bank for Industry and Trade (Vietinbank) as the service bank for the USD 3 million loan of the Urban Transportation Project of the Port City of Hai Phong under Loan Agreement No.Q6960-VN signed by representatives of the Socialist Republic of Vietnam and the World Bank (WB) on December 24, 2009.
Vietinbank is responsible for providing banking services to the project in line with the regulations set in Decree No.131/2006/ND-CP, the guidelines of SBV, the Ministry of Finance, and the WB.