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    Signature(s)

    Amount
    € 47,000,000
    Countries
    Sector(s)
    Vietnam : € 47,000,000
    Services : € 47,000,000
    Signature date(s)
    15/09/2009 : € 47,000,000
    Link to source

    Summary sheet

    Release date
    9 June 2009
    Status
    Reference
    Signed | 15/09/2009
    20080422
    Project name
    Promoter - financial intermediary
    Metro Cash & Carry Vietnam Expansion

    Metro AG

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 47 million.
    The total project cost is up to EUR 96 million.
    Location
    Sector(s)
    Description
    Objectives

    The project consists of the design, the construction and the operation of several wholesale stores across Vietnam.

    The project will help to improve the efficiency of Vietnam’s wholesale distribution system and thereby will contribute to contain inflationary pressure while improving the health and sanitary conditions in the distribution chain. The project will also support the European presence in Asia through Foreign Direct Investments and through transfer of technology and know-how from EU.

    Environmental aspects
    Procurement

    An EIA is required by the national legislation of Vietnam for the awarding of the operating permit. According to national legislation, these stores cannot be located in sensitive or protected areas. The EIA local procedure, which is similar to the criteria for the EIA Directive in EU, includes public hearings and annual inspections. The EIA’s approval, for each store, will be a loan disbursement condition.

    The promoter is a private company not covered by EU Directives on procurement.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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