China Eximbank provides $29 million overseas investment loan for Copper Pipe Factory Construction Project (Linked to Project #63670)
Commitment amount
$ 43558291.399968974
Adjusted commitment amount
$ 43558291.4
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Vietnam
Sector
Industry, mining, construction (Code: 320)
Flow type
Loan
Level of public liability
Unallocable
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
In 2009, China Eximbank Zhejiang Branch issued a $29 million overseas investment loan to Hailiang (Vietnam) Copper Manufacturing Co., Ltd for the Copper Pipe Factory Construction Project. The borrowing terms of the loan are unknown. The borrower used the proceeds to invest in the construction of a 71,000-ton copper and copper alloy pipe project within Vietnam’s Long Giang Industrial Park. This project has been completed. However, its precise implementation start and end dates are unknown. Bank of China also reportedly financed this project (see Project ID#63670).
Additional details
1. Hailiang (Vietnam) Copper Manufacturing Co., Ltd is a wholly owned subsidiary of Hailiang Group, which is itself a Chinese private enterprise. The Chinese names for the subsidiary company are 海亮(越南)铜业有限公司 or 越南海亮金属制品有限公司.
Number of official sources
4
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
Hailiang (Vietnam) Copper Manufacturing Co., Ltd, [Private Sector]
Implementing agencies [Type]
Hailiang (Vietnam) Copper Manufacturing Co., Ltd, [Private Sector]