Chinese Government provides RMB 17.5 million loan — via ETCA — for March 8 Textile Factory Reconstruction Project

📋 Staff Comments

1. It is unclear when the Chinese Government issued the loan for this project. For the time being, AidData codes the commitment year as 2009 because one source identifies the project in a table (Table 5-1) with data up to 'the end of 2009' (see 'Living next to the giant,' p. 86). This issue warrants further investigation.
2. Given that the loan was supported with the proceeds from an ETCA, AidData assumes that it was an interest-free loan from China's Ministry of Commerce (MOFCOM) and standard MOFCOM interest-free loan borrowing terms (20-year maturity and 10-year grace period) applied. This issue warrants further investigation.

📚 Sources & References

• Living next to the giant: The political economy of Vietnam’s relations with China under Doi Moi
• Assessing China's Impact on Poverty in the Greater Mekong Subregion, ĐẦU TƯ ODA CỦA TRUNG QUỐC CHO VIỆT NAM GIAI ĐOẠN TỪ NĂM 1992 ĐẾN NĂM 2006: THỰC TRẠNG VÀ NHỮNG BẤT CẬP Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.