PVFC signs business cooperation with Song Da subsidiaries

Saturday, April 12, 2008
PetroVietnam Finance Corp (PVFC) signed business cooperation contracts with two partners namely Song Da Transportation and Commerce Joint Stock Co (Sotraco) and Song Da Viet Duc Investment Joint Stock Co on April 9.
Under it, PVFC and Sotraco pledged to jointly invest capital in key projects like energy and mineral. PVFC will also give preferential credits to Sotraco under models of short-medium-long-terms. At the same time, these two signatories also cooperate in the fields of account management, monetary and banking consultancy services and capital arrangement.
Meanwhile, with the partner Song Da Viet Duc, PVFC will also provide credit services and arrange capital with models of short-medium-long-terms. The two signatories will cooperate in such fields as mandate capital management, account management and other monetary and banking consultancy services.
Recently, PVFC and Song Da Viet Duc are studying to jointly invest in the project to rebuild Nghia Tan collective area in Hanoi's Cau Giay district on an area of 45 hectares with the total investment capital of three trillion dong in the phase of 2009-2015. (DTCK)