Nordic investment bank to help fund Vietnamese cement plant

Nordic investment bank to help fund Vietnamese cement plant
Published: 25 July 2005

The Vietnamese government has permitted the Ministry of Finance to borrow EUR30m (US$36.4m) from the Nordic Investment Bank to build the Ha Long Cement Plant.  
 
The plant, whose investment owner is the Da River Construction Corporation, will be built in Hoanh Bo district, northern Quang Ninh province. It will have a capacity of 200,000 tonnes a year, of which 70 per cent will be sold in the domestic market Meanwhile, work will start on nine projects at the Chu Lai Open Economic Zone in the central province of Quang Nam on July 24 as part of activities to mark the zone’s second anniversary.  
 
The projects, which have a total investment of VND1 trillion, will include the construction of the Ky Ha Sea Port, infrastructure for special purposes, four residential areas, and an ecological tourist site.