Chu Lai EZ inks credit co-operation with Vietinbank

Wednesday, Jul 08, 2015 17:21

Vietinbank will build Automatic Teller Machine (ATM) systems at Industrial Parks. — Illustrative image/ File Photo

QUANG NAM (Biz Hub) — The Chu Lai Open Economic Zone and Viet Nam Bank for Industry and Trade (Vietinbank) have agreed to a five-year credit co-operation to provide loans for projects and investors.

Do Xuan Dien, head of Chu Lai EZ, told Viet Nam News yesterday that the co-operation will assist businesses by providing funds for future development and investment in the zone.

Following the five-year deal, Vietinbank will set up financial transaction and branch offices in the zone, and help boost the promotion of investment for the EZ.

The bank also will build Automatic Teller Machine (ATM) systems at Industrial Parks, as well as the living quarters and service areas in the EZ in the coming years.

The zone, located in the central Quang Nam Province, houses 90 investment projects, with combined registered capital of US$3.1 billion, comprising five industrial parks, a tourism site and an urban precinct with a total area of 25,500ha.

Further, the zone's Ky Ha and Tam Hiep ports have been upgraded to allow access to 20,000 DWT (deadweight tonnage) ships.

Chu Lai EZ has been included as one of five coastal economic zones across the country to receive support from the State budget during the 2013-15 period, with VND790 billion ($38 million) set aside for the zone. — VNS

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