SCI E&C secures significant financing for Huong Phung 1 project

SCI E&C Joint Stock Company has received approval for an L/C issuance plan and a loan plan to finance the import of equipment for the Huong Phung 1 project. The financing will be provided through the Vietnam Joint Stock Commercial Bank for Investment and Development – Ha Dong Branch. This strategic move aims to bolster the project's development by ensuring the necessary machinery is acquired.

The total credit facility requested amounts to VND 310,894,200,000. This includes a maximum L/C issuance of $11,514,600.00 and a maximum loan amount of VND 310,894,200,000.

Within this framework, the domestic L/C limit at the Ha Dong Branch is $4,124,857.5, equivalent to VND 111,371,152,500. Additionally, the international L/C limit is $7,389,742.5, translating to VND 199,523,047,500. The board of directors has mandated the chairman of the board to oversee the implementation of these resolutions.