VietinBank to lend $1.2bn for cold mill

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 Each mill will have a designed capacity of 200kt/y.

The loans will be disbursed in late 2013 and early 2014 under an agreement on strategic co-operation.

VietinBank has also committed to providing funds for Hoa Sen Group to supplement the company's working capital. They will enjoy preferential lending rates of 8% for short-term loans and 11% for long-term credits.

Source: Daily ‘Vietnam News’, Hanoi; 21 June 2013