Business

BIDV finances resettled residential project

The Bank for Investment and Development of Vietnam (BIDV) will finance a residential project in HCM City with 4.914 trillion VND (234 million USD).
The Bank for Investment and Development of Vietnam (BIDV) will finance aresidential project in HCM City with 4.914 trillion VND (234million USD).

According to a credit contract signed on February 27, the term of the loan may reach 24 months.

The international development company 21st Century plans to develop more than 4,200 apartments on a 32hectare lot in the Thu Thiem New Urban Area of the city’s District 2.

The Prime Minister instructed the Central Bank to provide furthersupport to the 6.143 trillion VND project, part of an HCM Cityprogramme to resettle those forced to move by major developmentprojects.-VNA
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