VDB provides financing for construction of plywood

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Viet Nam Development Bank's branch in Bac Kan Province and SAHABAK JSC have signed a credit agreement to finance construction of a medium density fibreboard (MDF) with SAHABAK manufacturer in northern Bac Kan Province.

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HA NOI (Biz Hub)— Viet Nam Development Bank's branch in Bac Kan Province and SAHABAK JSC have signed a credit agreement to finance construction of a medium density fibreboard (MDF) with SAHABAK manufacturer in northern Bac Kan Province.

Accordingly, the Viet Nam Development Bank (VDB) will fund a loan of VND680 billion (US$32million) within 12 years with preferential interest rates for the SAHABAK JSC to manufacture an MDF plywood factory with a production capacity of 108.000 cu.metre per year. — VNS

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