Chinese Government provides RMB 12.5 million loan for Sao Vang Rubber Factory Upgrading Project
Commitment amount
$ 2748314.4710627054
Adjusted commitment amount
$ 2748314.47
Constant 2021 USD
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Vietnam
Sector
Industry, mining, construction (Code: 320)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
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.
Additional details
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).
Number of official sources
0
Number of total sources
3
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Viet Nam [Government Agency]
Indirect receiving agencies [Type]
Sao Vang Rubber Joint Stock Company [Joint Venture/Special Purpose Vehicle]