Chinese Government provides RMB 52 million loan to Cienco 6 Corporation to facilitate its acquisition of construction equipment
Commitment amount
$ 16120780.037650649
Adjusted commitment amount
$ 16120780.04
Constant 2021 USD
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Vietnam
Sector
Industry, mining, construction (Code: 320)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Geography
Description
On November 28, 2000, the Chinese Government provided an RMB 52 million concessional loan (No. 31/TDNN – TDTW) to the Government of Vietnam. The borrowing terms of the loan are unknown. However, it is known that the Government of Vietnam on-lent the proceeds of the loan to Cienco 6 Corporation to facilitate its acquisition of construction equipment
Additional details
1. Cienco 6 Corporation, also called Civil Engineering Construction Corporation No. 6, is a Vietnamese state-owned firm focusing on infrastructure and engineering. 2. The lender is unknown. However, the loan that was issued is referred to as an ‘ODA loan’, so MOFCOM or China Eximbank are the most likely candidates. This issue requires further investigation.
Number of official sources
1
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Viet Nam [Government Agency]
Indirect receiving agencies [Type]
Civil Engineering Construction Corporation No. 6 (CIENCO 6) [State-owned Company]
Implementing agencies [Type]
Civil Engineering Construction Corporation No. 6 (CIENCO 6) [State-owned Company]