Techcombank has beedn assigned by the State Bank of Vietnam to serve the urban transport development project in Hai Phong City funded by World Bank.
The project with a total investment $277 million, including an ODA loan of $175 million from the WB, and the rest from the domestic reciprocal fund, was signed on May 31, 2011 between Vietnam and representative from WB.
This is the first WB-funded project in Vietnam whose preparation cost financed by the investor (Hai Phong city) and accepted by the WB, that helps the city shorten the execution time and enlist a final WB ODA loan as the country has been listed out of underdeveloped countries.
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