BIDV ensures credits for crude oil imports for Dung Quat refinery

The Bank for Investment and Development of Viet Nam on November 29 signed an agreement to provide credits to ensure crude oil imports and petrol consumption with the PetroVietnam Oil Corporation (PVOil) and Binh Son One-member Petrochemical Company Limited that managed the Dung Quat Oil Refinery.

Accordingly, BIDV pledged to ensure credits for the operations as well as consumption of products of the Dung Quat Oil Refinery. The total amount of credits is between US$500-800 million. BIDV also pledged to apply reasonable lending interest rates and fee.

On the occasion, BIDV and PetroVietnam announced a donation of VND 1 billion each to the five provinces in the central region that were severely hit in the recent flooding.