Vietinbank gives $7.6 million for FDI project

Tuesday, Jul 15, 2014 16:35

The Vietinbank branch in southern Binh Duong Province. — File Photo

BINH DUONG (Biz Hub) ─ The Vietinbank branch in the southern Binh Duong Province and the Medochemie Far East Company Ltd signed a US$7.6-million credit contract on Monday.

According to the agreement, Vietinbank will finance a $12 million injectable drug factory that will be spread over 45,000 square metres in the Viet Nam Singapore Industrial Park II.

The bank said it will lend another $3 million to the company when it invests in a $4.4 million syrup plant this November.

Medochemie is a multinational pharmaceutical and consumer healthcare company in Europe, headquartered in Limassol, Cyprus. ─ VNS

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