HANOI -- Beijing-led Asian Infrastructure Investment Bank has approved a loan of $100 million to a Hanoi-based commercial bank, its first commitment to a Vietnamese bank as bilateral tensions grow in the South China Sea.
Belt and Road
AIIB makes first loan to Vietnam bank amid South China Sea tensions
Bank's $100m offer to VP Bank is Beijing's olive branch to Hanoi, analyst says
The China-led Asian Infrastructure Investment Bank, which has 57 founding member states, is making its first loan to Vietnam, as Beijing looks to further its Belt and Road Initiative, analysts said. © Reuters
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