Tuesday, April 24, 2012

EX-IM BANK WORKS TO BUILD INFRASTRUCTURE IN VIETNAM


FROM:  EXPORT-IMPORT BANK
One of Nine: Spotlight on Vietnam
Chairman in Vietnam Leads Business Development Team in Vietnam to Promote Closure of Nearly $1.5 Billion in Critical Infrastructure Projects

In early February, Chairman Hochberg led a business development team with Ex-Im Director Patricia Loui in both Ho Chi Minh and Hanoi to boost commercial ties and business opportunities between the United States and Vietnam. Vietnam is one of nine key markets where Ex-Im Bank is focusing its business development efforts because of the country's infrastructure and development needs. Ex-Im Bank's current exposure to Vietnam is $175.8 million.

Asia is Ex-Im's largest regional market, representing nearly a quarter of the Bank's portfolio. Ex-Im Bank’s current exposure in Asia is approximately $27 billion. And Vietnam is a country with a great deal of untapped potential for U.S. exporters. Currently, over 500 U.S. American businesses have a presence in Vietnam. This country is speeding up implementation of economic and financial sectors restructuring. Ex-Im Bank is looking for projects that will create good jobs and economic opportunities in both countries while also meeting Vietnam’s power and infrastructure needs. Ex-Im Bank's business development team currently has three infrastructure projects in the pipeline and is continuing to hold discussions with business leaders on additional export opportunities for U.S. exporters.

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