Four fields get soft interest rates from ODA

Prime Minister Nguyen Tan Dung has endorsed a list of sectors and fields that are enabled to enjoy preferential interest rates when re-borrow ODA capital from the government.
Prime Minister Nguyen Tan Dung has endorsed a list of sectors and fields that are enabled to enjoy preferential interest rates when re-borrow ODA capital from the government.

Under the decision, signed on June 1, preferential interest rates will be given to the fields of economic, technical and social infrastructure development; industry, finance and credit; and projects benefiting disadvantaged regions.

In the area of economic, technical and social infrastructure, projects to build safe water supply systems, education-training and healthcare establishments, railways, highways and deepwater ports, and solid waste and waste water treatment plants will be prioritised to use this source of capital.

In regard to the industrial sector, projects to build new and renewable energy plants; rural electrical transmission and distribution networks; information technology and telecoms infrastructure facilities are eligible for the soft interest rates.

Credit programmes and components targeting beneficiaries of social policies and providing loans through policy banks will also receive priority as part of the decision.

The decision will take effect as from July 20, 2011./.

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