ANZ co-ordinates loan facility for Hoa Phat

HA NOI — ANZ Bank has co-ordinated a VND600 billion (US$28.57 million) syndycated loan facility for Hoa Phat Energy Joint Stock Co with the participation of Bao Viet Bank, Habubank, Hua Nan Commercial Bank and VIB Bank. Hoa Phat Energy is a subsidiary of the Hoa Phat Group.

Dutch group builds third feed plant

DONG NAI — The Netherlands-based feed supplier Group De Heus has commenced construction on a US$15 million feed processing plant in Dau Giay Industrial Park in the southern province of Dong Nai, the group's third feed plant in Viet Nam. On an area of 52ha, the plant is expected to begin operations early next year, with a designed capacity of 300,000 tonnes per year.

Southern Food Corp to export 2.4m tonnes

HCM CITY — The Southern Food Corporation predicts that it will export 2.4 million tonnes of rice this year, worth US$1.2 billion. This would represent a significant decline from 2010 exports of 4 million tonnes. Projected exports to the Philippines would total 1 million tonnes, and shipments to Malaysia were expected to reach 400,000 tonnes, with Indonesia and Bangladesh to buy the remainder.

Co-op to export 100 tonnes of mangos

TIEN GIANG — The Hoa Loc Co-operative in the southern province of Tien Giang expects to export 100 tonnes of mangos to Japan in 2011, according to Dang Van Vu of the co-operative's control board. The first products would be delivered after Tet (Lunar New Year), Vu said.

The co-operative, with plantations covering areas of 60ha in total and a yield of 500 tonnes per year, also exported 100 tonnes of mangos to Japan last year, worth a total of VND2.2 billion (US$104,700).

Nghe An attracts $4.9 billion investment

NGHE AN — The central province of Nghe An registered 287 projects and attracted total investment of VND99.3 trillion (US$4.7 billion) during 2006-10. Major foreign-invested projects included the $1 billion iron mill of Kobelco Viet Nam and two $4 million projects by Big C and Global Farm Co.

Among domestic projects were the $350 million TH milk plant, the $114.9 million Smart Vinh City, a rubber plantation worth VND704 billion ($35.2 million), and VND1 trillion ($51 million) plantation forest project.

Source: vnagency.com.vn