BIDV to pour VND3,000 billion into HCM City-Long Thanh- Giau Day Expressway project

11:03, 09/03/2007

(ĐN)- Bank for Investment and Development of Viet Nam, or BIDV, has just inaugurated a new transaction office in Binh Da ward, Bien Hoa city. Speaking at the inauguration ceremony, Director of Dong Nai branch of BIDV Vo Van Ty said that the bank will invest VND 3,000 billion into HCM City-Long Thanh- Giau Day Expressway project.

(ĐN)- Bank for Investment and Development of Viet Nam, or BIDV, has just inaugurated a new transaction office in Binh Da ward, Bien Hoa city. Speaking at the inauguration ceremony, Director of Dong Nai branch of BIDV Vo Van Ty said that the bank will invest VND 3,000 billion into HCM City-Long Thanh- Giau Day Expressway project which will need VND9.8 trillion (US$ 618 million) in the first phase, and VND18.8 trillion (US$1.2 billion) for completion.

According to the Director, BIDV Dong Nai is not only focus on expanding its network in the province but also seeking opportunities to invest in the province’s important projects. Accordingly, BIDV will plan to loan VND 300 billion to build houses for workers and low-income earners, and invest VND1,000 billion into Dong Nai’s main projects.

Reported by K.L