Four Vietnamese Banks Lend US$77.5M to First Petrol Bonded Warehouse
Four Vietnamese banks today [June 8] will clinch deals in Nha Trang city with Van Phong petroleum bonded warehouse limited company to lend a total of US$77.5 million to build Vietnam’s first petroleum bonded warehouse in central Khanh Hoa province.
Lenders include Saigon Thuong Tin Commercial Joint Stock Bank, the Petrolimex Group Commercial Joint Stock Bank (PG Bank), Military Joint Stock Bank (MB), and the state-run Vietnam Bank for Industry and Trade (Vietinbank).
Sacombank will take lead with loan worth US$25 million.
TheUS$125-billion bonded warehouse, the biggest of its kind in Vietnam, is under construction in My Giang island, Ninh Phuoc commune, Ninh Hoa district.
The facility with a total of 29 containers will have a capacity of 500,000 cubic meters in the first phase, and will reach its designed capacity of one million cubic meters when fully operational in mid 2011.
The warehouse will be equipped with modern, advanced and environmentally-friendly equipment and facilities, to receive tankers weighing up to 150,000 DWT. (CafeF, Vietstock)
Vietnamese
