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|HO CHI MINH CITY， July 4 (Xinhua) -- Bank of China， other lenders and Cheng Yang Paper Mill Company signed here on Monday a syndicated loan of 168 million U.S. dollars.
At the signing ceremony， Wang Hao， general manager of Ho Chi Minh City Branch of Bank of China， said"Today， bankers and entrepreneurs from Guangdong Province of China， Hong Kong， Macao， Taiwan and Thailand all come to celebrate the signing."
The syndicated loan is to help improve the competitiveness of Vietnam's paper-making industry， meet the higher demand of Vietnamese people for high-quality kraft paper and improve the living condition of local people， thus enhancing the cooperation between China and Vietnam in investment and trade.
According to Ho Chi Minh City Branch of Bank of China， Vietnam is confronting with more opportunities than challenges in the next few years. The branch will continue to improve its diversified banking services， and provide the best financial products and solutions to its customers in Vietnam.
Cheng Yang Company was established in 2003. In June 2015， the Hong Kong-based Nine Dragons Group， the largest manufacturer of recycled kraft-liner board in Asia， increased its stake ownership in Cheng Yang to 67 percent.
The total production capacity of the kraft-liner board paper mill expansion project in the city is 442，000 tons， with the products for sales mainly in Vietnam， Cambodia and Laos.
Japanese consumer electronics maker Sony Corp said on Tuesday its official third-quarter operating profit was 182 billion yen ($1.5 billion) http://www.columbusbluejacketsteamstore.com/adidas-oliver-bjorkstrand-jersey , up 2.2 percent from the estimate it reported last month, boosted by cost cuts and strong sales of sensors and videogames.
The earlier estimate wasn't final http://www.columbusbluejacketsteamstore.com/adidas-nick-foligno-jersey , as Sony had not yet compiled accurate data for its Hollywood movie studio after a massive hack into its computer systems. On Feb.4 Sony said third-quarter operating profit was about 178 billion yen, nearly double year-earlier.
On Tuesday http://www.columbusbluejacketsteamstore.com/adidas-matt-calvert-jersey , Sony said that including official results for the movie studio, quarterly revenue rose 6.5 percent from a year earlier to 2.567 trillion yen http://www.columbusbluejacketsteamstore.com/adidas-markus-hannikainen-jersey , instead of the 2.558 trillion it estimated earlier.
Forecasts for the full-year ending March 31 were unchanged.
Sony has struggled to gain market share in high-end smartphones, lagging far behind Apple Inc and Samsung Electronics Co Ltd.
But its shares have risen more than 30 percent so far this year on hopes of a turnaround http://www.columbusbluejacketsteamstore.com/adidas-lukas-sedlak-jersey , following a programme of massive cuts in unprofitable segments and targeted expansion in lucrative areas such as sensors for smartphone cameras.
($1 = 121.3800 yen)
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