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6Chinese bank， textile f rm in Vietnam contribute to China-Vietnam economicties

Apr. 21， 2016 （Xinhua） -- Bank of China's Ho Chi Minh City Branch signed here a US$ 103 million syndicated loan for a Vietnam-based subsidiary of leading Chinese yarn manufacturer Texhong Textile Group， partly helping foster the good investment and trade relations between the two countries. The loan，provided by eight foreign and Vietnamese banks， including Bank of China's Ho Chi Minh City Branch， will be used to broaden and deepen production of Texhong Galaxy Technology Company which was established in the northern province of Quang Ninh with investment capital of US$ 300 million. Now，Texhong Textile Group， a leading cotton textile manufacturer in the world， has four production bases in Vietnam.