Hoa Phat Steel Pile signs 300 - billion – credit contract

In the morning of October 19th 2007, a short – term credit contract between Hoa Phat Steel Pipe Company and Ha Thanh branch, Bank of Investment and Development (BIDV) was signed successfully.

Mr. Tran Dinh Long – Chairman of Hoa Phat Group; Mr. Nguyen Manh Tuan – Director of Hoa Phat Steel Pipe and Chief/Deputy Director of member companies attended the event. Mr. Ngo Duy Chinh – Director; the Deputy Director and several Head of Departures are representatives of Ha Thanh.

In the early co-operated days, BIDV - Ha Thanh branch has considered Hoa Phat as a strategic partner and important potential customer. Many Hoa Phat’s projects had Ha Thanh’s co-operation.

This contract was the result of long term and close co-operation. This credit limit will be added into floating capital for importing raw materials and paying local materials.

With the 300 – billion – credit limit, Hoa Phat Steel Pipe will be more active in manufacturing and trading, also developing new products in the coming time.

In the session, the leaders and officers also exchanged the business recently and agreed co-operation method in the coming time.

It’s believed that the co-operation of Hoa Phat Group and Ha Thanh branch in particular, BIDV in general will be continuously developing with the guideline: Harmony and Development.

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