French Banks Fund Equipment Imports for Vietnam's Largest Cement Project

3:26:23 PM | 7/8/2005

French Banks Fund Equipment Imports for Vietnam's Largest Cement Project

 

Société General SG and BNP Paribas of France have signed a credit agreement with the Vietnam Construction Im-Export Corporation (Vinaconex) in Hanoi to finance equipment imports for the first phase of the Cam Pha Cement Plant, currently the largest cement project in Vietnam.


The two banks will lend Vinaconex about US$150 million within ten years, including a grace period of three years.

  • P.H