Overview

Chinese Government provides RMB 12.5 million loan for Sao Vang Rubber Factory Upgrading Project

Commitments (Constant USD, 2023)$2,538,455

Commitment Year•2009Country of Activity•Viet NamDirect Recipient Country of Incorporation•Viet NamSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2009

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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This project provides a loan to upgrade the Sao Vang Rubber Factory, which is located at No. 231 - D.Nguyen Trai - Redeemable Dinh Thanh Xuan Ha Noi Vietnam. More detailed locational information can be found at https://www.openstreetmap.org/way/755377954.

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

Government Agencies

Unspecified Chinese Government Institution

Receiving agencies

Government Agencies

Government of Viet Nam

Joint Venture/Special Purpose Vehicles

Sao Vang Rubber Joint Stock Company

Loan desecription

Chinese Government provides RMB 12.5 million loan for Sao Vang Rubber Factory Upgrading Project

Interest type•Unknown

Narrative

Full Description

Project narrative

Prior to the end of 2009, the Chinese Government issued an RMB 12.5 million concessional loan to the Government of Viet Nam to upgrade the Sao Vang Rubber Factory. The proceeds of the loan were on-lent to Sao Vang Rubber Joint Stock Company. This project reached completion status.

Staff comments

1. This project is also called the Star Rubber Factory or 金星橡胶集团公司. 2. The Star Rubber Factory was originally financed and built by China in 1958 (see "越南的橡胶工业———赴越南考察报告"). 3. It is unclear when the loan agreement for this project was finalized. For now, 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).