BNP Paribas Vietnam News & Press
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January 3, 2005 -

BNP Paribas has signed a €129.4 million financing for the whole imported portion of the Thang Long Cement plant in Vietnam.

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The facility was a combination of buyer credit and commercial loan to LILAMA, a state owned company and the largest construction company in Vietnam.

Lilama will develop the Thang Long Cement plant through a joint stock company with a private company, Geleximco. The German supplier Polysius will provide a grinding station and a full cement plant to the Thang Long Cement Corporation.

The financing package includes a Euler Hermes supported credit for € 107.7 million plus a commercial loan of € 21.7 million.

This is the largest export credit ever signed in Vietnam (non aircraft).