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Vietinbank pledges $81.9m for highway

Update: August, 21/2014 - 09:40
Vietinbank will provide VND1.72 trillion (US$81.90 million) in funding for a national highway project of the HCM City Infrastructure Investment Joint Stock Company (CII) in Ninh Thuan Province.— Photo cafef.vn

HCM CITY (VNS)  — Vietinbank will provide VND1.72 trillion (US$81.90 million) in funding for a national highway project of the HCM City Infrastructure Investment Joint Stock Company (CII) in Ninh Thuan Province.

The amount included loans and guaranteed money, Le Quoc Binh, CII general director, said in a news release on Monday.

In a comprehensive co-operation agreement signed in October last year, the bank pledged to help provide capital for the company and its member units.

The company's shares yesterday slid VND200 to stand at VND21,600 per share at the HCM City Stock Exchange. — VNS


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