BIDV to arrange loans for CIENCO 4

Phuong Thao

BIDV will arrange loans for CIENCO 4 to the tune of VND11.3 trillion to fund business and production projects in the next five years.

The bank over the past three years has approved many large projects undertaken by CIENCO 4, such as Saigon-Trung Luong Expressway, Cau Gie-Ninh Binh Expressway, Phung and Vinh Tan bridges and Noi Bai International Airport- Nhat Tan Bridge connecting road.

The bank has also financed other projects of CIENCO 4 such as Yen Lenh Bridge in Hung Yen Province, Da Khai hydropower plant in Lam Dong Province. Recently, they have cooperated in a number of components of a project for upgrading National Highway No. 1 from Hanoi to Can Tho City.