Society

HDBank chosen for education project

The State Bank of Vietnam has instructed HDBank to provide banking services for the Second Upper Secondary Education Sector Development Programme funded by the Asian Development Bank.
HDBank chosen for education project ảnh 1Illustrative image (Photo: VNA)

HCM City (VNA) - The State Bank ofVietnam has instructed the Housing Development Commercial Joint Stock Bank, orHDBank, to provide banking services for the Second Upper Secondary EducationSector Development Programme funded by the Asian Development Bank.

The project, which began in 2012 and will rununtil December next year, aims at improving the quality of education to ensurethat graduates have the skills to meet the country’s labour needs.

It is being implemented in 25 provinces andcities.

HDBank has been appointed as the nodal bank formany international and ODA-funded projects.

In 2016 it represented the Ministry of Financeto re-lend ODA loans worth 3 trillion VND (132.18 million USD) provided by theJapan International Cooperation Agency for the second phase of the Nhon Trach watersupply project in Dong Nai province.

As of last year HDBank had provided bankingservices for six projects funded by bilateral and multilateral ODA loans worthmore than 500 million USD.

It is among the 10 largest banks in the countrywith a network of 220 branches and 3,000 transaction spots.-VNA
VNA
#Housing Development Commercial Joint Stock Bank #HDBank #banking services #upper secondary education #Asian Development Bank #ADB #ODA-funded projects #ODA loans
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