Trang chủ » News » Contract signing ceremony of credit agreement between Xindadong Textiles (Vietnam) Co., Ltd and Bank for Investment and Development of Vietnam (BIDV) – Quang Ngai branch.
Contract signing ceremony of credit agreement between Xindadong Textiles (Vietnam) Co., Ltd and Bank for Investment and Development of Vietnam (BIDV) – Quang Ngai branch.

In the morning of September 24th, Xindadong Textiles (Vietnam) Co., Ltd and Bank for Investment and Development of Vietnam (BIDV) – Quang Ngai branch signed a credit contract for the project of Xindadong Textiles Dung Quat.

The signing ceremony

Attending at the ceremony were Mr. Nguyen Thanh Quang – Deputy Secretary of the Provincial Party Committee, Mr. Pham Truong Tho – Vice Chairman of the Provincial People’s Committee, Mr. Le Han Phong – Vice Chairman of Dung Quat Economic Zone and the Quang Ngai IPs Authority.

According to the contract, BIDV committed that they will providing credit facilities up to USD 44 million in 7 years to Dung Quat Textile Factory; At the same time, BIDV will also provide full range of banking products and services to assist the investor in completing their project on schedule.

Dung Quat Textile Factory has the total investment of more than USA 95 million (phase 1: more than USA 30 million and phase 2: USA 65 million). They specialized in manufacturing and trading of knitting yarns, colored yarns and high quality Jeans. Their products are exported to Europe, North America and Southeast Asia, etc. So far, the first phase has come into operation effectively; Phase 2 was built at the end of 2017, which is expected to be put into operayion by the end of this year.

By T.Giang

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