French loan to help Vietnam project

French loan to help Vietnam project
Published: 21 October 2004

HANOI, Oct 20 Asia Pulse - A cement plant will be built in the southern province of Binh Phuoc at cost of VND4.7 trillion (US$302m), $150 million of which will be loaned by the Societe Generale bank.

Ha Tien Cement Plant No 1 under the Vietnam Cement Corporation and the Societe Generale Bank of France signed a loan agreement in Ho Chi Minh City last Friday.

The 44-month project will cover the design and installation of a 1.6Mta clinker production chain and two grinding systems with a combined capacity of two million tonnes of cement per year.