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Overview

Chinese Government provides RMB 23.3 million loan for Nam Dinh Textile Factory Upgrading and Expansion Project

Commitments (Constant USD, 2023)$4,731,681
Commitment Year2009Country of ActivityViet NamDirect Recipient Country of IncorporationViet NamSectorIndustry, Mining, ConstructionFlow TypeLoan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2009

Geospatial footprint

Map overview

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This project provided a loan for the upgrading and expansion of the Nam Dinh Textile Factory, located at 43 Tô Hiệu, Ngô Quyền, TP. Nam Định, Nam Định, Vietnam. More detailed locational information can be found at https://www.openstreetmap.org/way/1047515643 or https://goo.gl/maps/Y9i8RvcRw7ykSRnz8?coh=178572&entry=tt.

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

Loan description

Chinese Government provides RMB 23.3 million loan for Nam Dinh Textile Factory Upgrading and Expansion Project

Interest typeUnknown

Narrative

Full Description

Project narrative

Prior to the end of 2009, the Chinese Government provided an RMB 23.3 million concessional loan to the Government of Vietnam for the Nam Dinh Textile Factory Upgrading and Expansion Project. The project, which sought to upgrade and expand the Nam Dinh Textile Factory, reached completion status by 2006.

Staff comments

1. One of the sources records the face value of the loan amount as RMB 233.3 million (see "Assessing China's Impact on Poverty in the Greater Mekong Subregion"), but for the time being AidData relies on the more conservative amount of RMB 23.3 million (see "Living next to the giant," p. 86). 2. It is unclear when the Chinese Government issued the loan. 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).