HDBank finances resort project in Ba Ria-Vung Tau

22-Jan-2015 Intellasia | TBKTSG | 6:00 AM Print This Post

HCM City Development Joint Stock Commercial Bank (HDBank) has inked an agreement to provide a credit package worth VND300 billion for Cotec Asia Company to develop the Blue Sapphire resort project in Ba Ria-Vung Tau Province.

The bank will offer preferential loans at an interest rate of 3.8 percent per annum in the first six months to customers buying villas and luxury apartments of the project and meeting certain requirements. The preferential interest is applied to the lending contracts signed between now and the end of March.

HDBank said loans would be disbursed at the request of customers.

Cotec Asia, a member of Cotec Group, began work on the Blue Sapphire resort project in 2010. The luxury resort covers an area of around 76,900 square meters and consists of 36 villas and 260 seaview apartments.

The basic construction of the 36 villas is complete and ten of them have been sold to customers.

VPBank supports rice, seafood firms

* Vietnam Prosperity Bank (VPBank) has set aside VND1 trillion to offer preferential loans for rice and seafood companies based in the Mekong Delta.

Each of the small and medium enterprises (SME) buying, processing, supplying and exporting rice and seafood in the region can borrow a maximum of VND100 billion in 12 months.

VPBank said the preferential loans for rice and seafood firms in the Mekong Delta have simple procedures and flexible lending terms.


Category: Finance, Vietnam

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