ADB wishes to land investments in Can Tho city
The Asian Development Bank (ADB) wants to invest in the Mekong Delta city of Can Tho through preferential loans to health care, education and transport infrastructure projects.
Illustrative photo (Photo: VNA)Can Tho (VNA) – The Asian Development Bank (ADB) wants to invest in the Mekong Delta city of Can Tho through preferential loans to health care, education and transport infrastructure projects.
In a working session with the city leaders on May 10, ADB Country Director in Vietnam Eric Sidgwick said that Can Tho is a potential customer of the bank as it is a fast-growing city in the region.
The city needs to balance public debt ceiling and make a list of priority projects as ADB’s loans will be given in descending order of preference, he highlighted, adding that innovative projects are encouraged to enhance the city’s competitive capacity.
Meanwhile, Vice Chairwoman of the municipal People’s Committee Vo Thi Hong Anh said that the city is eligible to mobilise 150 million USD in loans during 2016-2020 and it can ensure payment on the debts.
She stated that some projects using preferential loans in the locality have received positive feedback thanks to its contributions to local tourism and trade, including Can Tho pedestrian bridge, Cam Thi bridge and Can Tho-An Giang expressway.
In addition to health care and transport infrastructure, the city wants to receive ADB’s further support in sewage and solid waste treatment, she underscored.-VNA
You should also see
InfographicADB maintains 2024 economic growth forecast for Vietnam
In its April 2024 Asian Development Outlook (ADO) report, the Asian Development Bank (ADB) has maintained its earlier forecast for Vietnam’s economic growth this year, despite ongoing uncertainties from the external environment. Vietnam’s economy is expected to achieve a growth rate of 6.0% in 2024 and 6.2% in 2025.
See more
Business
Vietnam treasures multifaceted cooperation with Côte d'Ivoire: Deputy FM
Vietnam always attaches importance to and wishes to bolster multifaceted cooperation with Côte d'Ivoire – its traditional friendship partner in Africa, Deputy Minister of Foreign Affairs Nguyen Minh Hang has said.
Videos
Foreign investment driven towards new breakthrough phase
Vietnam has so far drawn nearly 500 billion USD in registered FDI capital after nearly four decades of opening up its economy, with investment quality improvement considered a key task for a new breakthrough phase ahead.
Business
Quang Ninh attracts additional 115 million USD from Japan investors
The Quang Ninh Economic Zone Authority (QEZA) presented investment certificates to two Japanese projects worth 115 million USD in total at a conference held at Song Khoai Industrial Park (IP) on April 19.
Business
Central bank plans to auction gold bars on April 22
The State Bank of Vietnam (SBV) will auction SJC-branded gold bars on April 22, a representative of the central bank said on April 19.
Business
Hanoi to host Vietnam Medipharm Expo 2024
The 31st Vietnam International Medical and Pharmaceutical Exhibition (Vietnam Medipharm Expo 2024) is scheduled to take place in Hanoi from May 9 to 12, an official of the Ministry of Health (MoH) told a press conference on April 19.
