The Bank for Investment and Development of Vietnam (BIDV) signed a contract on lending 35 million USD to the Vietnam-Singapore Industrial Park Joint Venture Co. Ltd on December 8.
Under the deal, the loan will be invested in building infrastructure at the Vietnam-Singapore Industrial Park (VSIP) in Quang Ngai
At the same time, the bank has designed a 2 trillion VND (95.2 million USD) credit package with preferential interest rates for businesses investing in VSIP Quang Ngai.
Le Viet Chu, Chairman of Quang Ngai’s People’s Committee, pledged that the locality will create favourable conditions for investors in the IP.
The VSIP Quang Ngai, located at the Dung Quat Economic Zone (DEZ), is the fifth of its kind in Vietnam of the VSIP group. Construction of the 1,700-ha park, with total investment of over 170 million USD, started in September 2013. It has so far finished 300-ha infrastructure and attracted 10 investors.
The complex is forecast to become a new magnet for light industry and service projects to the DEZ in the near future.-VNA
Under the deal, the loan will be invested in building infrastructure at the Vietnam-Singapore Industrial Park (VSIP) in Quang Ngai
At the same time, the bank has designed a 2 trillion VND (95.2 million USD) credit package with preferential interest rates for businesses investing in VSIP Quang Ngai.
Le Viet Chu, Chairman of Quang Ngai’s People’s Committee, pledged that the locality will create favourable conditions for investors in the IP.
The VSIP Quang Ngai, located at the Dung Quat Economic Zone (DEZ), is the fifth of its kind in Vietnam of the VSIP group. Construction of the 1,700-ha park, with total investment of over 170 million USD, started in September 2013. It has so far finished 300-ha infrastructure and attracted 10 investors.
The complex is forecast to become a new magnet for light industry and service projects to the DEZ in the near future.-VNA
