Binh Duong Environment Fund: Miracles made to enterprises

Upon being blacklisted for violation of environment regulations in the past year, Dai Loi Co. Ltd. had searched for capital for their construction of water treatment. Binh Duong Environment Fund is a good destination for them.

 Dai Loi Co. Ltd. has received supports from Binh Duong Environment Fund at VND 324 million to refine its waste water treatment system.

 4 new vehicles have been purchased under Binh Duong Construction and Urban Company thanks to Binh Duong Environment Fund

 Ever since 2009, under the increasing demands of waste collecting, Binh Duong Construction and Urban Company has made loans to Binh Duong Environment Fund at VND 4 billion or 66 of the Company’s purchase plan. The favorable interest rate is at 6% a year.

 “For the time to come, we will borrow from the fund to invest to our new dredger at the cost of VND 6 billion,” said Tran Thi Gai, Director of the Company.

 By 2010, the Binh Duong Environment Fund has accepted loans to 20 projects investing into water treatment systems and trash collecting vehicles. Up to date, the fund has assessed and agreed loans to 8 project at the cost of VND 14.3 billion and by the 6 months of the year, another 18 investment projects have been accepted.

 The charter fund is not at VND 30 billion which is added up annually from other funding sources. Enterprises are allowed to borrow at the maximum 70-75% of investment value within 10 years at interest rate of 6% a year.

 During the state of tighten-up credits, the enterprises must observe the conditions of new investment and replacement of production equipments. They are only accessible to the fund if 30% of the production lines are improved. Therefore, they must prepare a sophisticate profile to pursuade the lender.

Reported by Khanh Vinh – Translated by Vi Bao

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