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HIPC borrows VND555 billion from VietinBank

Update: June, 08/2013 - 08:37
HA NOI (VNS)— Hiep Phuoc Industrial Park Joint Stock Company (HIPC) signed a contract on Tuesday to borrow VND555 billion (US$26.4 million) from the Viet Nam Bank for Industry and Trade (VietinBank).

The loan will enable the HIPC to continue with its second development stage.

In this stage, the industrial park will be expanded by around 600ha to house enterprises using environmentally friendly and advanced technology.

HIPC will focus on enterprises in the fields of high-class building materials, precision engineering, equipment manufacturing, food production, shipping and warehouse services.

In the first stage, the industrial park will cover around 310ha, attracting 95 enterprises with total investment of $471 million.-VNS

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