Overview

Bank of China provides loan for Copper Pipe Factory Construction Project (Linked to Record ID#63663)

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 Commercial Banks

Bank of China (BOC)

Receiving agencies

Private Sector

Hailiang (Vietnam) Copper Manufacturing Co., Ltd,

Implementing agencies

Private Sector

Hailiang (Vietnam) Copper Manufacturing Co., Ltd,

Loan description

Bank of China provides loan for Copper Pipe Factory Construction Project

Interest type•Unknown

Narrative

Full Description

Project narrative

Prior to 2016, Bank of China provided an unspecified loan to Hailiang (Vietnam) Copper Manufacturing Co., Ltd for the Copper Pipe Factory Construction Project. This project has been completed. However, its precise implementation start and end dates are unknown. In 2009, China Eximbank provided a $29 million overseas investment loan for this project (see Record ID#63663).

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. 2. The commitment year is unknown. For now, it is coded as 2009 to match Record ID#63663.