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Vietnam's Eximbank to handle India's $300 million textile loan| Reuters

Jul 17, 2015    

HANOI Vietnam's Eximbank will disburse any loans under India's $300 million credit for projects which use Indian-made equipment with value of up to 75 percent of the project's total investment, the Vietnamese government's website reported. Each loan carries a 10-year span and an interest rate of 2 percent per annum, the website cited a Vietnam Textile and Apparel Association report as saying. Textile and garment exports are Vietnam's second-biggest cash earner after phones and accessories. The credit comes ahead the Trans-Pacific Partnership (TPP) free trade pact being negotiate...

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