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The loan would help the Ninh Binh Nitrogenous Fertiliser Plant with business expansion and project implementation. — Photo Vietcombank
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NINH BINH (Biz Hub) — The Joint Stock Commercial Bank for Foreign Trade of Vietnam and Ninh Binh Nitrogenous Fertiliser Company Ltd signed a credit contract worth VND800 billion (US$30.10 million) on Monday.
Chairman of the company's board Chu Van Tuan said the loan would help with business expansion and project implementation.
The Ninh Binh Nitrogenous Fertiliser Plant, one of the largest fertiliser plants in Viet Nam, has an annual capacity of 560,000 tonnes of urea. — VNS