VDB finances VND 350 billion for energy-efficient glass production project
12/10/2015 12:10
On October 9th, 2015, in Hanoi, VDB’s Operation Center I has signed a credit contract with Viglacera Corporation to finance the energy-efficient glass production project.
With the total capacity of 5.000.000m2 / year, the project is implemented by two phases of which the 1st phase, located in Binh Duong province with capacity of 2.300.000m2 / year, and the 2nd is in Bac Ninh province 2.7000.000m2 / year.
Total investment of the project is about VND486 billion, of which VDB’s financing is VND350 billion from state investment credit with preferential interest rates applicable at the signing of 8.55% / year and the maximum loan maturity does not exceed 135 months.
According to the plan, the 1st phase will be in operation in 2015 and the first “made in Vietnam” energy – efficient glass product will be in the market by the end of year and replace in the near future the imported one in Vietnam.