3:26:23 PM | 7/8/2005
The state-run Development Assistance Fund (DAF) on November 10 signed an agreement to fund Vietnam Shipbuilding Industry Corporation (Vinashin) VND1,200 billion (US$76.43 million) to build the first five 53,000-DWT cargo freighters to be exported to the
The preferential loan, accounting for 65 per cent of the value of the ships, will be repaid in 24 months and is backed by the government.
Vietnamese
