Barely days after wrapping up one of Vietnam's largest loans for a bank borrower, VIETNAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY AND TRADE (Vietinbank) is already in talks with lenders for an even bigger US$lbn borrowing.The new deal is a result of reverse enquiries from international lenders, which piled into a US$790m dual-tranche loan for Vietinbank. Thirty-one banks participated in the deal, following an US$800m loan for VIETNAM TECHNOLOGICAL & COMMERCIAL JOINT STOCK BANK (Techcombank) that closed a week earlier with 28 lenders.Techcombank's borrowing is the largest FI loan from Vietnam, a distinction that will soon pass to Vietinbank as the latter sets forth for its second loan of the year. The deals underscore the insatiable demand for Vietnamese FI credits in the offshore loan market because of the country's solid economic performance and, until recently, better handling of the pandemic relative to other countries.
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