Asanzo signs financing deal with VietinBank

VOV.VN - Asanzo Vietnam Electronics Joint Stock Company has announced it has recently signed a deal with VietinBank to finance the construction of new production facilities and for research and development.

asanzo signs financing deal with vietinbank hinh 0

Neither the amount of the financing nor any specifics of the deal have been publicly disclosed, which is typical for these types of transactions, as it is highly confidential information.

However, company officials did say that most of the financing has been designated for the purchase of plant and equipment and research related to a new joint venture with MyTV service (Telecommunication Group VNPT).

It’s all part of the company’s plan to grow revenue  and increase its share of the television market in Vietnam.  Company officials claim to have had a 10% share of the television market in the early months of 2016.


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