Vietnam Joint Stock Commercial Bank for Industry and Trade, or VietinBank (CTG) on has signed an agreement with Tan Quang Cement JSC to finance the latter’s cement plant in the northern province of Tuyen Quang.

Under the agreement, Vietinbank will lend VND30bn (US$1.4m) to Tan Quang Cement JSC to develop its plant which has a clinker capacity of 2500tpd or 0.75Mta, and a cement capacity of 0.91Mta.

Tan Quang Cement JSC is an affiliate of Vietnam National Coal-Mineral Industries Group (Vinacomin).

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