Additional loan for production expansion project phase 2 - TISCO
30/01/2015 12:01
On January 27th, 2015 the VBD’s branch of Bac Kan – Thai Nguyen area has signed with Thai Nguyen Iron and Steel Joint Stock Corporation (TISCO) a credit contract to provide an additional loan to finance the second phase of its production expansion project.
Under the contract, VDB’s financing is VND 1.359 trillion, bringing the total loan amount up to VND 2.964 trillion. Repayment period begins from January, 2017 to November, 2021 at the lending rate of 8.5%/year.
The second phase of TISCO’s project to expend its production has total investment of VND 8.104 trillion. Being operational, it will create jobs for about 6 thousands direct labors, boosting the local socio-economic development./.