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LienVietPostBank to issue loan

Update: August, 06/2014 - 08:12

LienVietPostBank on August 4 signed an agreement to lend VND10 trillion (US$472 million) to the Tuan Chau Group. — Photo dddn.vn

QUANG NINH (VNS) — LienVietPostBank signed an agreement on Monday to lend VND10 trillion (US$472 million) to Tuan Chau Group to finance infrastructure, tourism and technology projects across the country.

Under the agreement, Tuan Chau Group will pay for the financial services of LienVietPostBank, including collection agency and money transfer services as well as domestic and international payments.

The group's chairman Dao Hong Tuyen said that the group had been working on major projects in the northern province of Quang Ninh, such as Smart City, Dai Yen eco-tourism project, Bai Chay beach complex and Ha Long heritage road. — VNS

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