BIDV provides credit to industrial park project in Quang Ngai
The Bank for Investment and Development of Vietnam (BIDV) signed a contract on lending 35 million USD to the Vietnam-Singapore Industrial Park Joint Venture Co. Ltd on December 8.
The Bank for Investment and Development of Vietnam (BIDV) signed acontract on lending 35 million USD to the Vietnam-Singapore IndustrialPark Joint Venture Co. Ltd on December 8.
Under the deal,the loan will be invested in building infrastructure at theVietnam-Singapore Industrial Park (VSIP) in Quang Ngai
Atthe same time, the bank has designed a 2 trillion VND (95.2 million USD)credit package with preferential interest rates for businessesinvesting in VSIP Quang Ngai.
Le Viet Chu, Chairman of QuangNgai’s People’s Committee, pledged that the locality will createfavourable conditions for investors in the IP.
The VSIP QuangNgai, located at the Dung Quat Economic Zone (DEZ), is the fifth of itskind in Vietnam of the VSIP group. Construction of the 1,700-ha park,with total investment of over 170 million USD, started in September2013. It has so far finished 300-ha infrastructure and attracted 10investors.
The complex is forecast to become a new magnet for light industry and service projects to the DEZ in the near future.-VNA
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