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

Prior to the end of 2009, the Chinese Government issued an RMB 17.5 million loan -- through an Economic and Technical Cooperation Agreement (ETCA) -- to the Government of Vietnam for the March 8 Textile Factory Reconstruction Project. The project reached completion, but its precise implementation start and end dates are unknown.

Additional details

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.

Number of official sources

0

Number of total sources

3