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PVFC successfully arranged a USD32 million project of Dung Quat Refinery
Petrovietnam Finance Corporation (PVFC) has successfully USD32 million for the additional project of crude oil pumping system No. 2 and two crude oil storage tanks and at Dung Quat Refinery. In the afternoon of Sept. 29, 2011 in Quang Ngai city, the credit contract has been signed between the investor Binh Son Refinery (BSR) and Vietcombank’ Quang Ngai branch - the finance sponsor.
This successful arrangement BSR confirmed the role of PVFC in funding arrangements for PVN projects in general and BSR in particular. Earlier, PVFC has committed a credit of USD 60 million of working capital for BSR. PVFC will also quickly and timely arrange finance and credit for BSR to meet BSR’ demand of working capital and capital investment.
BSR – a PVN’ 100% owned enterprise - was established in June, 2008 to manage and operate Dung Quat Refinery. The project will contribute to enhancing national energy security and as well as stable operation of Dung Quat Refinery.
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07/10/2011 10:09:56 AM | | Latest Articles: PVFC - Ho Chi Minh branch relocationIn the morning of Sept.23, 2011, PVFC - Ho Chi Minh Branch has officially opened its new office located at 19 Pham Ngoc Thach, Ward 6, District 3, Ho Chi Minh City. Attending the ceremony were representatives of the State Bank of Vietnam and PVN’ subsidiaries. On PVFC side, there were Mr. Vu Huy An – Party Secretary cum Vice Chairman, Mr. Nguyen Thien Bao - CEO, PVFC branches’ representatives with numerous partners of PVFC. Announcement on 2010 dividend paymentPVFC is pleased to announce the deadline of shareholders’ registration list entitled to consult in writing and received dividends in 2010. Conference on key tasks of last months of 2011 by the banking sectorIn the morning of Sep 7, 2011, the State Bank of Vietnam (SBV) hosted the conference on key tasks of 2011 last months of Vietnamese banking system. Attending the meeting were representatives of the bank represent. On behalf of PVFC, CEO Nguyen Thien Bao attended the conference. PVFC won the 3rd prize in PVN’ youth talent contestCelebrating the 36th anniversary of Vietnam Oil and Gas Group (03/9/1975 - 03/9/2011) and the Week of PetroVietnam Culture IV; aiming to celebrate the 50th Traditional Day of PetroVietnam (27/11/1962 - 27/11/2011), on August 30, 2011, PetroVietnam’ Youth Union held a talent contest with the participation of 20 teams from corporations in the group. Scholarship foundation "Light your Hope" supports poor students in Thua Thien Hue to schoolIn 2011, through the program "Relay for school" jointly held by the Association of Child Rights Protection, Vietnam Fartherland Front and Thua Thien Hue Department of Education and Training, the scholarship foundation "Light your Hope" has awarded 600 scholarships worth VND300 million for poor students with good studying results in Thua Thien Hue province. PVFC contributes to strategic objectives of PetroVietnamOn Aug.12, 2011, at the HO of Petrovietnam Oil and Gas Group (PVN) - 18 Lang Ha, Hanoi, an export credit contract for the investment of Vung Ang Thermal Power Plant 1 has been signed by PVN, of Japan Bank for International Cooperation (JBIC), Sumitomo Mitsui Banking Cooperation (SMBC). PVFC issue 2011 Cultural ConventionCultural conventions are rules on how to behave when participating in regular activities at PVFC with the aim of building PVFC manners and a friendly, professional and modern working environment, thereby contributing to build PVFC image and create the best conditions for each staff. Since 2003, PVFC has its own culture convention which specifies guidelines of manners and behavior standards for staff during working as well as group acting. The convention is the character and the pride of PVFC staff and also the first content introduced to a new employer. |
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