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(NDF) Cao Kha Tai - MS 16

NDF - MS16

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SeABank co-finances PVB’s “Fuel ethanol production plant in the northern region” project

Hanoi, March 26th 2010 – South-east Asia Joint Stock Commercial Bank (SeABank) has just struck a deal to finance the “Fuel ethanol production plant in the northern region” project where the investor is PVB (Petrochemical and Biological Fuel Joint Stock Company). Another actor in this club deal is PVFC (Vietnam Financial Joint Stock Company under the Oil and Gas Group). SeABank is to be the lead lender with an amount of VND 585 bn., accounting for 70% of the total contract value, which is VND 835.292 bn.