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Overview

China Eximbank provides $29 million overseas investment loan for Copper Pipe Factory Construction Project (Linked to Record ID#63670)

Commitments (Constant USD, 2023)$40,232,215
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

Geospatial footprint

Map overview

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The purpose of this project was to make an investment in the construction of a 71,000-ton copper and copper alloy pipe project within Vietnam’s Long Giang Industrial Park. More detailed locational information can be found at https://www.openstreetmap.org/way/740842055

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 Policy Banks

  • Export-Import Bank of China (China Eximbank)

Receiving agencies

Private Sector

  • Hailiang (Vietnam) Copper Manufacturing Co., Ltd,

Implementing agencies

Private Sector

  • Hailiang (Vietnam) Copper Manufacturing Co., Ltd,

Loan desecription

China Eximbank provides $29 million overseas investment loan for Copper Pipe Factory Construction Project

Interest type•Unknown

Narrative

Full Description

Project narrative

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 Record ID#63670).

Staff comments

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.