Guaranteed foreign loans okayed for cement plant, Vietnam

Guaranteed foreign loans okayed for cement plant, Vietnam
Published: 11 March 2008

The Prime Minister of Vietnam has assigned the Ministry of Finance to sign guaranteed letters for loan contracts of French banks Societe Generale and  BNP Paribas and the Australian and New Zealand Bank (ANZ) to the Thang Long 2 Cement Plant project.  
 
The construction of the VND5.4 trillion plant has started in June 2006 in the northern coastal province of Quang Ninh and its product is expected to hit the market next month.  
 
The plant, the biggest of its kind so far in the country, has a designed capacity of 6,000 tonnes of clinker per day or 2.3Mta of cement.