Vietnam Bank Finances VND272 Bln for Dong Banh Cement Project
The northern Lang Son province-based Vietnam Development Bank branch has pledged to provide a eight-year credit loan of VND272 billion ( US$16.48 million) for Dong Banh cement project, the Tien Phong newspaper reported.
The cement plant, developed by the Dong Banh Cement Joint Stock Company, is estimated to cost a total of VND1.3 trillion.
The plant is scheduled to go on stream in the third quarter this year to turn out 2,500 tons of clinker a day, or 910,000 tons of cement a year.
Materials for the operation of the facility will be the limestone source available in the locality. (Pioneer)
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