CII signs a VND375-bil credit agreement with VCB

On May 14, 2012, Hochiminh City Infrastructure Investment Joint Stock Company signed a credit agreement with the Joint Stock Commercial Bank for Foreign Trade of Viet Nam (VCB). Accordingly, VCB will finance CII to implement the construction project “Sai Gon 2 Bridge”

1. Total credit value: VND375 billion.
2. Purpose: VCB loans CII to invest in Sai Gon Bridge Construction Joint Stock Company (SGBC) to implement the construction project “Sai Gon 2 Bridge”.
3. Loan term: Maximum of 84 months from the first day of funds withdrawal.
4. Loan interest: equal to the saving interest rate of 12 months of VCB plus 3.6%/year.

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