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Bank of China provides $14 million loan for Long Giang Industrial Park Construction Project
| Funder | Bank of China (BOC) |
|---|---|
| Recipient Organization | Qianjiang Investment Management Co. Ltd. |
| Country | Viet Nam |
| Start Date | Jan 01, 2008 |
| End Date | May 27, 2033 |
| Duration | 9,278 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 63656 |
Grant Description
Bank of China provides $14 million loan for Long Giang Industrial Park Construction Project In 2008, Bank of China (Ho Chi Minh City Branch) issued a $14 million loan to Zhejiang Qianjiang Investment Management Co., Ltd., a private Chinese firm, for the Long Giang Industrial Park Construction Project in Vietnam.
In 2008, Zhejiang Qianjiang Investment Co., Ltd. invested roughly $100 million to develop a 600-hectare industrial park within Tan Lap 1 Commune within Tan Phuoc District.
This industrial park is a national-level overseas economic and trade cooperation zone approved by China's Ministry of Commerce (MOFCOM). The industrial output value of all enterprises in the park was ultimately expected to exceed $2 billion.
The park obtained an investment license in 2007, began construction in May 2008, and passed a confirmation assessment by China’s Ministry of Commerce and the Ministry of Finance in July 2011.
Staff Comments
- This project its also known as the Long Giang Industrial Park Project and the Long Giang Special Economic Zone Project. The Chinese project title is 越南龙江工业园 or 龙江工业园.
- The Chinese name for Qianjiang Investment Management Co., Ltd is 前江投资管理有限责任公司在越
Sources & References
- “一带一路”沿线国家中行机构巡礼之一
- 对外投资合作国别（地区）指南 越南 2017版
- 越南龙江工业园
- 越南龙江工业园
- Feature: Long Jiang Industrial Park, a miracle growing out of pineapple fields in Vietnam
- Long Jiang Industrial Park (LJIP)
- 中国银行：支持中国企业“走出去” 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.
All Grantees
Qianjiang Investment Management Co. Ltd.
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