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Article: VIETNAM INTERNATIONAL BANK FINANCES TEXTILE COMPANY.
- Article from:
- AsiaPulse News
- Article date:
- November 27, 2007
CopyrightCOPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HANOI, Nov 27 Asia Pulse - The Viet Nam International Bank's Dong Nai branch last Friday signed a credit contract worth more than VND300 billion (US$20 million) with the Viet Nam Texhong Weaving Co Ltd to support the company's production expansion.
The loan, for the company to open import letters of credit, buy equipment and build workshops, will have to be repaid within 72 months.
VIB Bank general director Han Ngoc Vu said the contract was in line with the banks strategy to supply all-in financial solutions to its foreign and domestic customers.
Vu also said it proved the ...