A floating martket in Mekong Delta region. (Source: wanderlust.com)

Hau Giang (VNA) – Seven credit organisations have committed to providing the Mekong Delta region with 28.5 trillion VND (1.25 billion USD) to implement 73 socio-economic development projects.

Dao Minh Tu, Deputy Governor of the State Bank of Vietnam (SBV), revealed the information at a workshop held in Hau Giang province on July 12 as part of the Mekong Delta Economic Cooperation (MDEC) Forum 2016.
As many as 16 credit contracts worth 10 trillion VND in total were signed right at the event.

Truong Canh Tuyen, Vice Chairman of the Hau Giang provincial People’s Committee, said besides the State budget, capital from banks has made important contributions to the socio-economic development of the Mekong Delta region in general and Hau Giang in particular.

A report from the SBV showed the region’s capital mobilisation accounts for around 7 percent of the total capital mobilised for the national economy, with loans amounting to 400 trillion VND (17.6 billion USD) by June 30, up 3.3 percent year-on-year.-VNA