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Article: CAPITAL TAP TURNED ON FOR TENANTS OF HCM CITY INDUSTRIAL ZONES.
- Article from:
- AsiaPulse News
- Article date:
- February 9, 2001
CopyrightCOPYRIGHT 2001 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, Feb 9 Asia Pulse - Companies in HCM City's industrial zones (IZs) and export processing zones (EPZs) are set for better access to bank lending, following moves by the zones' administration boards.
Enterprises in IZs and EPZs have been struggling to borrow enough capital from domestic banks, and are having to borrow offshore at punitive rates of interest.
The problem is that they lack land use certificates or production equipment ownership certificates for the assets they want to use as collateral.
Under a joint initiative - organised by the zones' boards and the HCM City branches of the State Bank of Vietnam (SBV) and the Bank for ...