Garco 10 accesses foreign credit to make anti-COVID-19 products
HCM City (VNA), Aug. 24 -- Standard Chartered announced on August 24 that the Garment 10 Corporation JSC (Garco 10) has become the latest to benefit from its global financing commitment of 1 billion USD to help fight COVID-19 .
The bank will provide the garment maker with a loan of up to 100 billion VND (4.3 million USD) to fund the production of medical and cloth face masks to help meet demand for personal protective equipment.
CEO of Standard Chartered Bank Vietnam Nirukt Sapru said the bank pledges to make unceasing efforts to help in the coronavirus fight, adding that the loan to Garco 10 reaffirms its commitment to supporting domestic businesses in this regard.
Garco 10 General Director Than Duc Viet said that given the unpreceden...
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