VietnamBank, Taiwan Lender Sign US$73M Deal for Cement Plant
The Bank for Foreign Trade of Vietnam (Vietcombank) of Vietnam and Taiwan’s Mega ICBC Bank will co-finance US$73 million for construction of the second production line of Phuc Son cement factory.
Vietcombank and Mega ICBC Bank reached the deal on April 8 in Vietnam’s northern province of Haiduong.
The production line will have an annual capacity of 2 million tons and will cost US$105 million, construction of which is expected to start in July this year.
Once fully operational, it will double the total output of the plant to 4 million tons, the paper added.
The Phuc Son cement factory is the second project invested by Taiwan’s Lucky Holding, it added. (Banking Times)
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