Skip to content
AidData logo

Overview

Bank of China provides $14 million loan for Long Giang Industrial Park Construction Project

Commitments (Constant USD, 2023)$19,718,245
Commitment Year•2008Country of Activity•Viet NamDirect Recipient Country of Incorporation•China (People's Republic of)Overseas Jurisdiction•Viet NamSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2008

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

Loading map…

The purpose of this project was to construct Long Giang Industrial Park — in an area that occupies 600 hectares — within Tan Lap 1 Commune within Tan Phuoc District. More detailed locational information can be found at https://www.openstreetmap.org/way/740842055 and http://www.mofcom.gov.cn/article/zt_jwjjmyhzq/subjectp/201011/20101107229230.shtml

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% Chinese ownership

Funding agencies

State-owned Commercial Banks

  • Bank of China (BOC)

Receiving agencies

Private Sector

  • Qianjiang Investment Management Co. Ltd.

Implementing agencies

Private Sector

  • Qianjiang Investment Management Co. Ltd.

Loan desecription

Bank of China provides $14 million loan for Long Giang Industrial Park Construction Project

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2008, Bank of China (Ho Chi Minh City Branch) issued a $14 million loan to Zhejiang Qianjiang Investment Management Co., Ltd., a private Chinese firm, for the Long Giang Industrial Park Construction Project in Vietnam. The borrowing terms of the loan are unknown. In 2008, Zhejiang Qianjiang Investment Co., Ltd. invested roughly $100 million to develop a 600-hectare industrial park within Tan Lap 1 Commune within Tan Phuoc District. This industrial park is a national-level overseas economic and trade cooperation zone approved by China's Ministry of Commerce (MOFCOM). The industrial output value of all enterprises in the park was ultimately expected to exceed $2 billion. The park obtained an investment license in 2007, began construction in May 2008, and passed a confirmation assessment by China’s Ministry of Commerce and the Ministry of Finance in July 2011.

Staff comments

1. This project its also known as the Long Giang Industrial Park Project and the Long Giang Special Economic Zone Project. The Chinese project title is 越南龙江工业园 or 龙江工业园. 2. The Chinese name for Qianjiang Investment Management Co., Ltd is 前江投资管理有限责任公司在越