At his meeting with Governor of the State Bank of Vietnam (SBV) Nguyen Van Giau in Hanoi on June 14, the Ex-Im Bank Chairman affirmed that Vietnam is one of the bank’s nine key markets in the world.

SBV Governor Giau noted that the Ex-Im Bank’s increased operation in Vietnam will contribute to boosting trade between the two countries. He asked the US bank to provide credits for Vietnam to help it develop the sectors with potential for development, such as renewable energy, biotechnology and road construction.

Both the bank leaders agreed that the Vietnam-US ties have developed robustly over recent years, especially in bilateral trade which reached 15 billion US$ in 2009 despite adverse impact from the global financial crisis and economic recession.

Vietnam’s exports to the US have risen sharply in recent years. In the first five months of the year, the country’s exports rose 11.5 percent over the same period last year.

The same day, the US bank signed with the Vietnam Development Bank a credit deal worth 500 million US$ for projects relating to communications, expressway, railway, renewable energy, waste treatment and medical equipment.