VND 1,350billion to expand Thai Nguyen Iron & Steel Company

Thai Nguyen Iron & Steel Corp has signed a credit contraction with Vietnam Development Bank –branch in Bac Kan –Thai Nguyen, aiming to add more its capital to expand the producing project for the 2nd phase.

Total loan capital is VND 1,359billion with interest rate of 8,5 percent per year.

The project has the first investment capital of VND 3,843billion, which inaugurated in September 2007. Currently, total investment capital has increased up to VND 8,104billion however, it had to stop construction due to not have enough investment capital source.

T.Tuyet –Translated by T.Tran

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