Exim Bank to provide $300 mn credit to Vietnam for boats, patrol vessels

Q: How long will it take to read this news story?

The story "Exim Bank to provide $300 mn credit to Vietnam for boats, patrol vessels" has 241 words across 9 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Exim Bank to provide $300 mn credit to Vietnam for boats, patrol vessels" was covered 6 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 273 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #26115834</li><li>URL: https://chronographically.beamstart.com/news/exim-bank-to-provide-300-17394415723954</li></ul>

Business Standard Logo Business Standard 6h ago

Exim Bank to provide $300 mn credit to Vietnam for boats, patrol vessels - Business Standard

Quick Summary:

The Exim Bank had entered into an agreement on July 31, 2024 with the Government of the Socialist Republic of Vietnam (GO-VNM), for making available to the latter, Government of India supported Line of Credit (LoC) of USD 180 million for procurement of four Offshore Patrol Vessels (OPV), the Reserve Bank said.

The Export Import Bank of India will provide lines of credit totalling USD 300 million to Vietnam for procuring high-speed guard boats and offshore patrol vessels.

The bank had also entered into an agreement with GO-VNM for making available to the latter, India supported LoC of USD 120 million for procurement of high-speed guard boats, it said in another circular.