Sanshin Chemical Industry Vietnam (SCIV) has secured export credit from Japanese financial institutions.

The manufacturing SME has borrowed US$434,000 from the Japan Bank for International Co-operation (JBIC) and Kansai Urban Banking Corporation. The loan will be used to expand its production facility in Vietnam, using Japanese parts.

The company is a wholly-owned subsidiary of Shanshin Chemical, a Japanese business that manufactures synthetic resin parts for electricity, machine and automobile manufacturers.