Ex-Im Bank Chairman and President Lambright Visits Vietnam

August 24, 2007

U.S. Export-Import (Ex-Im) Bank Chairman and President James Lambright and Senior Vice President for Export Finance, John McAdams, visited Vietnam from August 21-25, 2007 to build interest in Ex-Im’s trade finance services and to explore opportunities for financing U.S. exports in such sectors as aviation, infrastructure, energy and shipping.

Lambright and McAdams held more than 15 bilateral meetings with Vietnamese government ministries, Vietnamese and American firms and various trade associations, including Prime Minister Nguyen Tan Dung, State Bank of Vietnam Governor Nguyen Van Giau and Vice Minister of Industry and Trade Bui Xuan Khu.

Ex-Im Bank, the official export-credit agency of the United States, is in its 73rd year of assisting in the financing of U.S. exports, primarily to emerging markets throughout the world, by providing loan guarantees, export-credit insurance and direct loans. In fiscal year 2006, Ex-Im Bank authorized more than $12.1 billion, including nearly $3.2 billion for small-business authorizations, to support an estimated $16.1 billion of U.S. exports.  In 2006, Ex-Im Bank guaranteed the financing of four Boeing 787-8 aircraft and engines for Vietnam Airlines, which are scheduled to be delivered in 2009- 2010. For more information on Ex-Im, visit http://www.exim.gov/.