credit-suisse-wins-700-million-vietnam-deal

Credit Suisse wins $700 million Vietnam deal

The Swiss firm is mandated to arrange up to $700 million in financing for VietnamÆs state-run shipping company Vinalines.
Credit Suisse signed an exclusive agreement on Monday to arrange financing of up to $700 million for state-run Vietnam National Shipping Lines, better known as Vinalines.

Vinalines, which is a shipping, ship brokering and freight-forwarding company as well as a port operator, plans to use the money it raises for expansion of its existing four port operations.

On July 19, Vinalines received a license from the government to build a Vnd3 trillion $185 million port complex in the central region of the country. It plans to upgrade the Van Phong Port in Khanh Hoa provinceÆs Van Phong economic zone into a state-of-the-art international facility with two berths able to accommodate international cargo vessels.

Vinalines wants...
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