Overview

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

Commitments (Constant USD, 2023)$3,553,838

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

First repayment: Dec 30, 2018

Last repayment: Dec 27, 2028

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

China Ministry of Commerce

Receiving agencies

Government Agencies

Government of Viet Nam

Loan desecription

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

Grace period•10 yearsGrant element•75.0516%Interest rate (t₀)•0%Interest type•Fixed Interest RateMaturity•20 years

Narrative

Full Description

Project narrative

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.

Staff comments

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.