Export-Import Bank of the U.S. President and Chair Lewis Signs $500 Million Memorandum of Understanding with Vietnam Development Bank in Hanoi
Hanoi, Vietnam – Export-Import Bank of the United States (EXIM) President and Chair Reta Jo Lewis and Vietnam Development Bank (VDB) Chairman Mr. Le Van Hoan today signed a $500 million Memorandum of Understanding (MOU) to facilitate the financing of U.S. exports to Vietnam. The MOU will encourage collaboration between EXIM and VDB and will support U.S. export financing to advance green economy transition, infrastructure development projects and climate related projects. The ceremony was hosted by VDB at their Hanoi Headquarters.
“The MOU we signed demonstrates our shared commitment to strengthening the U.S.-Vietnam commercial relationship and dedication to creating opportunities that strengthen the economies of both our nations,” said Chair Lewis. “We are excited to collaboratively seek financing opportunities to advance mutually beneficial projects and support U.S. exporters looking to do business in Vietnam.”
"Guided by the Joint Leaders’ Statement on elevating United States-Vietnam relations to a comprehensive strategic partnership, our two organizations will contribute to enhance economic exchanges between the two countries,” said Chairman Le Van Hoan. “I believe that the signing of MOU today will strengthen our cooperative relationship, laying the foundation for potential collaboration opportunities. This will contribute to aiding both organizations in successfully accomplishing the tasks entrusted by our respective governments."
EXIM will work closely with the Vietnam Development Bank to identify infrastructure, renewable, and other projects to help spur the green transition in Vietnam. Today’s MOU signing also demonstrates the U.S. commitment to assisting Vietnam with financing solutions for the green energy transition to fulfill its ambitious climate goals.
About EXIM:
The Export-Import Bank of the United States (EXIM) is the nation’s official export credit agency with the mission of supporting American jobs by facilitating U.S. exports. To advance American competitiveness and assist U.S. businesses as they compete for global sales, EXIM offers financing including export credit insurance, working capital guarantees, loan guarantees, and direct loans. As an independent federal agency, EXIM contributes to U.S. economic growth by supporting tens of thousands of jobs in exporting businesses and their supply chains across the United States. Learn more at www.exim.gov.