Thach My secures new loan, Vietnam

The Bank for Investment and Development of Vietnam (BIDV) is to provide a loan to Thach My for its new cement plant under construction in the central province of Quang Nam

Local media report that the BIDV will loan nearly VND2trn (US$95.83m) to the plant which has a design capacity of 2Mta. The plant was identified as a key project of the Quang Nam province when it started construction in 2010. The new works is expected to be completed in June 2013.