News | Board Minutes | 2003

                    EXPORT-IMPORT BANK OF THE UNITED STATES

             SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

                                JULY 17, 2003

ITEM NO 1A

Country VIETNAM                                AP078584XX

Request for FINAL COMMITMENT             (Conversion No 1)

Applicant      VIETNAM AIRLINES CORPORATION, HANOI 10000 VIETNAM

Borrower       SPV/VIETNAM AIRLINES CORP., HANOI VIETNAM

Guarantor      MINST OF FINANCE OF VIETNAM, HANOI VIETNAM

Buyer          SPV/VIETNAM AIRLINES CORP., HANOI VIETNAM

End-user       VIETNAM AIRLINES CORPORATION, HANOI 10000 VIETNAM

Exporter       BOEING COMPANY,THE, EVERETT WA

Supplier       UNITED TECHNOLOGIES CORP, EAST HARTFORD CT

Supplier       BOEING COMPANY,THE, EVERETT WA

Gteed Lender   CITIBANK N.A., CENTRAL DISTRICT, HONG KONG HONG KONG

Lessor         SPV/VIETNAM AIRLINES CORP., HANOI VIETNAM

Lessee         VIETNAM AIRLINES CORPORATION, HANOI 10000 VIETNAM

Cofin ECA      NONE

Project Description AIR TRANSPORTATION

Product Description AIRCRAFT

Repayment Term  12 YEARS

Board Decision APPROVED

ITEM NO 1B

Country VIETNAM                                AP078584XX

Request for FINAL COMMITMENT             (Conversion No 2)

Applicant      VIETNAM AIRLINES CORPORATION, HANOI 10000 VIETNAM

Borrower       SPV/VIETNAM AIRLINES CORP., HANOI VIETNAM

Guarantor      MINST OF FINANCE OF VIETNAM, HANOI VIETNAM

Buyer          SPV/VIETNAM AIRLINES CORP., HANOI VIETNAM

End-user       VIETNAM AIRLINES CORPORATION, HANOI 10000 VIETNAM

Exporter       BOEING COMPANY,THE, EVERETT WA

Supplier       UNITED TECHNOLOGIES CORP, EAST HARTFORD CT

Supplier       BOEING COMPANY,THE, EVERETT WA

Gteed Lender   ABN AMRO BANK N.V., CHICAGO IL

Lessor         SPV/VIETNAM AIRLINES CORP., HANOI VIETNAM

Lessee         VIETNAM AIRLINES CORPORATION, HANOI 10000 VIETNAM

Cofin ECA      NONE

Project Description AIR TRANSPORTATION

Product Description AIRCRAFT

Repayment Term  12 YEARS

Board Decision APPROVED

ITEM NO 2 Resolution in honor of Director D. Vanessa Weaver upon

her resignation.

          Board Decision: ADOPTED