Active Development AidData Chinese Aid

Chinese Government provides RMB 52 million loan to Cienco 6 Corporation to facilitate its acquisition of construction equipment

¥52M RMB

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Viet Nam
Country	Viet Nam
Start Date	Nov 28, 2000
End Date	Aug 03, 2027
Duration	9,744 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`63676`

Grant Description

Chinese Government provides RMB 52 million loan to Cienco 6 Corporation to facilitate its acquisition of construction equipment On November 28, 2000, the Chinese Government provided an RMB 52 million concessional loan (No. 31/TDNN – TDTW) to the Government of Vietnam.

📋 Loan / Grant Terms

💰 Loan Amountare unknown

However, it is known that the Government of Vietnam on-lent the proceeds of the loan to Cienco 6 Corporation to facilitate its acquisition of construction equipment

📋 Staff Comments

Cienco 6 Corporation, also called Civil Engineering Construction Corporation No. 6, is a Vietnamese state-owned firm focusing on infrastructure and engineering.
The lender is unknown. However, the loan that was issued is referred to as an ‘ODA loan’, so MOFCOM or China Eximbank are the most likely candidates. This issue requires further investigation.

📚 Sources & References

Assessing China's Impact on Poverty in the Greater Mekong Subregion
Living next to the giant: The political economy of Vietnam’s relations with China under Doi Moi, ĐẦU TƯ ODA CỦA TRUNG QUỐC CHO VIỆT NAM GIAI ĐOẠN TỪ NĂM 1992 ĐẾN NĂM 2006: THỰC TRẠNG VÀ NHỮNG BẤT CẬP
BẢN CÔNG BỐ THÔNG TIN
TONG CÔNG TY XÂY DU’NG CÔNG TRÌNH GIA THÔNG 6 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.