PVFC to finance project in Central Vietnam

PVFC to finance project in Central Vietnam
Published: 30 November 2009

PetroVietnam Finance Joint Stock Company (PVFC), the largest finance company in Vietnam, inked a deal to finance VND250bn ($13.53m) for 12-9 Anh Son Cement JSC to build a cement plant in the central province of Nghe An on Nov. 25.

Work on the plant capitalized VND814 billion started in Hoi Son commune, Anh Son district on Nov. 25, PVFC said on its website Thursday.

Once operated in the first quarter of 2011, the 15.7-ha facility will be capable of producing 550,000tpa of cement.