TBBBearing,Let the world have no hard to buy Bearings

+86 21 38726186
tbb@tbbbearing.com

One Request, Multiple Quotes
Products
Products News

Four Vietnamese plants to get government bail-out

Vietnam: The Vietnamese finance minister, Vuong Dinh Hue, has announced that the national government will provide capital to help four cement projects to deal with their foreign debts. The four projects were among 16 in the cement sector that had government-guaranteed loans from foreign creditors worth USD1.36bn. The Hoang Mai cement project reported a total debt of USD145m, followed by Tam Diep with a total debt of USD139m, Thai Nguyen at USD59m and Dong Banh at USD45m.

Hue said that the finance ministry would assist with up to three scheduled payments for the four troubled projects, but that if they continued to miss subsequent payments, the plants would have to sell up some of their assets.

The ministry earlier proposed that the Prime Minister should ask the Ministry of Construction to review planning measures in the cement sector and suspend the issuance of guarantees for the new cement projects while waiting for the Prime Minister's decision.

Home > News > OTHERS NEWS

Four Vietnamese plants to get government bail-out

From : Global coment   Release times : 2018.05.10   Views : 1404

Vietnam: The Vietnamese finance minister, Vuong Dinh Hue, has announced that the national government will provide capital to help four cement projects to deal with their foreign debts. The four projects were among 16 in the cement sector that had government-guaranteed loans from foreign creditors worth USD1.36bn. The Hoang Mai cement project reported a total debt of USD145m, followed by Tam Diep with a total debt of USD139m, Thai Nguyen at USD59m and Dong Banh at USD45m.

Hue said that the finance ministry would assist with up to three scheduled payments for the four troubled projects, but that if they continued to miss subsequent payments, the plants would have to sell up some of their assets.

The ministry earlier proposed that the Prime Minister should ask the Ministry of Construction to review planning measures in the cement sector and suspend the issuance of guarantees for the new cement projects while waiting for the Prime Minister's decision.

Disclaimers statement: All news (Except for TBB news) are collected from internet,and all copyright reserved by original authors.If they relate to your copyright,please contact us and we will delete in time,thanks.

Related articles
India Cement net profit down a massive 81% amid lower growth
India Cement net profit down a massive 81% amid lower growth
Votorantim Releases 1st Quarter 2011 Financial Results
Votorantim Releases 1st Quarter 2011 Financial Results
Pacific Cement resumes production in Fiji
Pacific Cement resumes production in Fiji
Dalmia Bharat ordered to pay US$4.5m in damages over coal import deal
Dalmia Bharat ordered to pay US$4.5m in damages over coal import deal
Zeljeznice and PPD Transport agree gypsum supply deal for Nasicecement
Zeljeznice and PPD Transport agree gypsum supply deal for Nasicecement
'

Trade Alert - Delivering the latest product trends and
industry news straight to your inbox.

Services
How to ensure high quality products? How to control time and quality? What about the service process? How to control suppliers?
About Us
Company Profile TBB Family TBB Training
Help Center
How to query products How to contact us? How to make a quick inquiry Transaction process
Follow Us
Linkedln Facebook Twitter Pinterest Email
Copyright © 2000-2022 TBB Bearing Provision. All Rights Reserved.
Online Service
TRACY-TBB
MAGGIE-TBB
CHERRY-TBB
YORI-TBB
Asking for price
Asking for price
Release Your Inquiry for FREE !