On Dec 12, 2009 MB and PetroVietnam Joint Stock Finance Corporation (PVFC) inked Trade Finance Agreement in which MB undertakes to provide PVFC with trade finance services. It is the second agreement that the two parties have signed in the year 2009.
Accordingly, MB is to provide PVFC with international settlement, trade finance and other services related to guarantee, import and export activities.
In 2009, MB also entered into a comprehensive agreement with PVN, financing the Group with a USD-20-million facility for Polypropylen Factory Project of Dung Quat Oil Refinery Plant, which was under construction since April. In September, the Bank signed another credit contract of USD 50 million with PetroVietnam Exploration and Production Corporation (PVEP). These events have marked a great advance in sustainable cooperation between MB and PVN.
