Vietcombank will provide financing to the tune of over US$16.5 million to construct a factory building large shipping containers, under an agreement signed yesterday with the Vinashin-TGC Container joint venture.
The total budget of the project is around $22 million. Vietcombank will finance around 75 per cent of the total over an eight-year period, and the company will draw on its own capital sources for the remaining 25 per cent.
"I think this deal is quite small compared to the capacity of Vietcombank," said bank chairman Nguyen Hoa Binh. "However, this contract is a good start and I hope Vinashin and Vietcombank will co-operate more in the future."
This container factory, to be the first of its type in Viet Nam, will be located in the Hai Duong Shippbuilding Industry Zone. The Vinashin-TGC joint venture between the Viet Nam Shipbuilding Industry Group (Vinashin) and Taiwan-based Toong Goen Co targets to become the leading containermaker in Asia.
The planned facility will be built to international standards, with an annual capacity of 30,000TEU in the first phase and 60,000TEU in the second phase.
The total budget of the project is around $22 million. Vietcombank will finance around 75 per cent of the total over an eight-year period, and the company will draw on its own capital sources for the remaining 25 per cent.
"I think this deal is quite small compared to the capacity of Vietcombank," said bank chairman Nguyen Hoa Binh. "However, this contract is a good start and I hope Vinashin and Vietcombank will co-operate more in the future."
This container factory, to be the first of its type in Viet Nam, will be located in the Hai Duong Shippbuilding Industry Zone. The Vinashin-TGC joint venture between the Viet Nam Shipbuilding Industry Group (Vinashin) and Taiwan-based Toong Goen Co targets to become the leading containermaker in Asia.
The planned facility will be built to international standards, with an annual capacity of 30,000TEU in the first phase and 60,000TEU in the second phase.