South Korea to provide $300 million for two factories

South Korea plans to provide US$300 million in financing for two industrial plants in Vietnam, whose contracts have been awarded to South Korean companies.

Korea Export Insurance Corp. will provide $150 million each to a petrochemical project for Vietnam Oil & Gas Group, known as PetroVietnam, and a paper mill for An Hoa Paper JSC, the state-run Korean company said Friday.

thanhnien, bloomberg

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