Completed Mixed AidData Chinese Aid

China Eximbank provides $150 million loan for 1.2 Million All-Steel Radial Tire Production Facility Project

$150M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Advance Tire (Vietnam) Co., Ltd.
Country	Viet Nam
Start Date	Mar 06, 2019
End Date	Nov 13, 2029
Duration	3,905 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`92152`

Grant Description

China Eximbank provides $150 million loan for 1.2 Million All-Steel Radial Tire Production Facility Project On March 6, 2019, Advance Tire (Vietnam) Co., Ltd. — a special purpose vehicle (SPV) and wholly owned subsidiary of Guizhou Tyre Co., Ltd. — was legally incorporated in Vietnam to develop an all-steel radial tire production facility.

China Eximbank subsequently issued a $150 million loan to Advance Tire (Vietnam) Co., Ltd. for the 1.2 Million All-Steel Radial Tire Production Facility Project. The loan carried an 8-year maturity. Guizhou Tyre Co., Ltd. issued a corporate guarantee in support of the loan.

The purpose of the project was to construct a production facility in Tân Phước district with the capacity to generate 1.2 million all-steel radial tires annually in Vietnam. The facility produced its first batch of tires on April 1, 2021.

📋 Staff Comments

The Chinese project title is 贵州轮胎股份公司越南投资项目.
The SPV is also known as Advance Tyre (Vietnam) Company Limited). Its Vietnamese name is CÔNG TY TNHH LỐP ADVANCE VIỆT NAM.

📚 Sources & References

Slip Op. No. 22-6: Guizhou Tyre Co.
Ltd. and Guizhou Type Import and Export Co.
Ltd., et al., (Plaintiffs) v. United States (Defendent), *
贵州轮胎越南项目首条轮胎成功下线
贵州轮胎越南项目一期完成建设
贵州轮胎为越南公司提供大额担保
中国出口银行贵州省分行成立三周年纪实
Guizhou Tyre Co Ltd
贵州轮胎
进出口银行贵州省分行：纾困解难，精准浇灌“两稳”责任田 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.