HSBC Group assists Dongnai province to mobilize capital

In the development plan of Dongnai province for the next 5 years, there are many big projects such as: Long Thanh International Airport, Phuoc An Seaport, the bridge to connect the district 9th of Ho Chi Minh City with Nhon Trach district…Therefore, the demand of capital is huge and it is estimated that Dongnai province will need the total amount of over 100 thousands billion VND to carry these projects. Leaders of Dongnai province hoped that with experience and fame, HSBC will assist Donngai to mobilize capital or to attract potential investors to cooperate with Dongnai province in these projects. 

Then, leaders of HSBC group had detail discussion with vice chairperson of provincial People’s Committee Dinh Quoc Thai on the measures to mobilize capital for these projects. The vice chairperson informed the leaders of HSBC that in 2006 Dongnai would need about 1,500 billion VND to enhance its infrastructure. He also confirmed that the calling for potential investors and socializing these projects is necessary.

Leaders of HSBC group proposed two measures to mobilize capital. The first measure is to issue provincial bonds to sell on securities market. The second one is to establish infrastructure fund and then to call for investment to this fund. Representatives of HSBC group expressed their desires to cooperate with Dongnai province to find out measures to attract investors to carry the key projects of the province.

(Translated by THKC)