Vietnam · Asian Development Bank · Cross-debarment
NEWSTECH VIETNAM TRADING AND INVESTMENT CONSTRUCTION JOINT STOCK COMPANY
Why it is here
Asian Development Bank — cross-debarment enforcing a debarment imposed by World Bank, from 6 October 2021.
Cross-debarment: under the Agreement for Mutual Enforcement of Debarment Decisions of 9 April 2010 the African Development Bank, the Asian Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank and the World Bank Group enforce each other's debarments of more than one year. Asian Development Bank applied a debarment first imposed by another of these banks: for the period shown the company may not be awarded contracts financed by Asian Development Bank.
Details
- Company
- NEWSTECH VIETNAM TRADING AND INVESTMENT CONSTRUCTION JOINT STOCK COMPANY
- Authority
- Asian Development Bank
- Decision
- Cross-debarment
- Originally debarred by
- World Bank
- From
- 6 October 2021
- Until
- —
- Status
- End date not published
- Source
- https://www.adb.org/who-we-are/integrity/sanctions
- Licence
- Public sanctions list of the Asian Development Bank; reuse terms per the source