The French financial firm, Societe Generale, will provide US$86m loan for the Ha Tien Cement Plant I to carry out a cement plant project in the Mekong Delta province of Binh Phuoc.
An agreement to this effect was signed by the two sides in Ho Chi Minh City on July 11.
Nguyen Ngoc Anh, Director of the Ha Tien Cement Plant I, said that the loans will be used for supplying clinker production technology and technical services to the 4.8 trillion VND (300 million USD) Binh Phuoc Cement Plant project.
The project, owned by the Ha Tien Cement Plant I includes a main plant in Binh Long district, Binh Phuoc province, and a cement grinding and distribution station at the Phu Huu Industrial Zone in Ho Chi Minh City.
The main plant with an annual designed capacity of 1.6Mt of clinker will supply its product to the grinding station to produce 1Mta of cement.