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of <h1>Exim Bank Sets $19.5M Line of Credit for Vietnam Projects; 75% of Goods Must Be Supplied from India.</h1> Exim Bank has established a Line of Credit (LOC) of USD 19.50 million with the Government of Vietnam to finance eligible goods and services from India for two projects in Vietnam. Under this agreement, at least 75% of the contract value must be supplied from India, while the remaining 25% can be sourced externally, excluding consultancy services. The agreement became effective on December 27, 2013, with a disbursement deadline of up to 72 months for supply contracts. Exporters can pay agency commissions using their own resources, and banks are instructed to inform exporters about this LOC. This circular is issued under FEMA regulations.
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