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Submitted by ctv_en_7 on Fri, 03/30/2007 - 09:40
Brady Dougan, Chief Executive Officer of Credit Suisse Investment Banking, has expressed his desire to increase the bank's involvement in the financial market of Vietnam and pour more investment into its key projects.
At a recent meeting with Finance Minister Vu Van Ninh in Hanoi, Dougan said the improvement in Vietnam's credit outlook as rated by Moody's Investors Service proved the country’s impressing development in economy, education, laws and administrative reform.

Minister Ninh proposed that Credit Suisse Investment Banking carry out its set projects and programmes to develop the Vietnamese financial market and help local businesses acquire more experiences to join the international market.

Credit Suisse Investment Banking has offered professional advice on equitisation to the Bank for Foreign Trade of Vietnam (Vietcombank) and the Vietnam Insurance Corporation (BaoViet).

The bank arranged loans worth US$1.7 billion for the Vietnam Shipbuilding Industry Group (Vinashin) and Vietnam National Shipping Lines (Vinalines) and an export credit of US$1 billion for Vietnamese commercial banks and businesses.


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