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HCM City Branch of Bank for Foreign Trade of Viet Nam (Vietcombank - VCB) has signed a credit contract with Him Lam Joint Stock Co, in which Vietcombank would provide a credit of 967 billion dong for the company to conduct Him Lam Riverside Complex project.

Duong Cong Minh, chair of the management board cum general director of Him Lam JSC said that the total investment capital of Him Lam Riverside Complex project was 1.563 trillion dong.

The complex would be built on a site of 1.2 hectares, including nine apartment blocks with 11-25 storeys and 821 apartments.

The company would use 500 apartments to serve for some key resettlement projects in HCM City under the method of selling them for the city authorities at the construction cost.

This project is one part of the general construction plan of Him Lam-Tan Hung urban area. The construction is expected to last for 36 months.

In addition, for those 321 commercial apartments in the project, Him Lam JSC has signed agreements with many other banks such as LienVietBank, Sacombank, Agribank, Incombank, VP Bank, ACB, Techcombank and AB Bank for offering supporting loans for the purchasers.














Vietnam Real Estate

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