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BIDV finances resettled residential project

Update: February, 28/2013 - 04:12

HCM CITY (VNS)— The Bank for Investment and Development of Vietnam (BIDV) will finance a residential project in HCM City with VND4.914 trillion (US$234 million).

According to a credit contract signed yesterday, the term of the loan may reach 24 months.

The international development company 21st Century (Cong ty Phat trien Quoc te The ky 21) plans to develop more than 4,200 apartments on a 32 hectare lot in the Thu Thiem New Urban Area of the city's District 2.

The Prime Minister instructed the Central Bank to provide further support to theVND6.143 trillion project, part of an HCM City programme to resettle those forced to move by major development projects.-VNS

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