RoK bank approves 77 million USD loan for Vietnam’s irrigation

The Export -Import Bank of the Republic of Korea (RoK) has approved a loan of 76.93 million USD for Vietnam to upgrade the irrigation systems in the Len and Hoang Mai rivers in the central region.

Thursday, November 24, 2016 19:40

RoK bank approves 77 million USD loan for Vietnam’s irrigation ảnh 1

At the signing ceremony (Source: VNA)

Hanoi (VNA) – The Export - Import Bank of the Republic of Korea (RoK) hasapproved a loan of 76.93 million USD for Vietnam to upgrade the irrigation systems in the Len and Hoang Mairivers in the central region.

The sum is expected to help the Vietnamese side to better control salinity,upgrade the eco environment and adapt to climate change in benefitinglocalities.

Adocument to this effect was signed by representatives from the Ministry ofFinance and the RoK bank in Hanoi on November 24.

Theagreement is part of the framework credit agreement worth 1.2 billionUSD between Vietnam and the RoK for 2012-2015.

Inthe period, numerous projects funded by the RoK have been carried out,including the construction of Thinh Long bridge in northern Nam Dinh province,leading roads to Vam Cong bridge in the Mekong Delta.

TheRoK funding also went to the upgrade of the Hanoi Pharmacy University to aregionally-recognised institution by 2020, the supply of medical equipment forseveral general hospitals in southern An Giang and Tra Vinh provinces.

Between2008 and 2011, the RoK Government provided Vietnam with 1 billion USD inpreferential loans, the majority of which were channeled into 28 projects inthe country./.

VNA

#irrigation systems #Hoang Mai river #Thinh Long bridge #Vam Cong bridge #medical equipment Korea (RoK)

See more

Factories and production facilities in the Chu Lai Open Economic Zone, Da Nang city, are equipped with modern production lines. (Photo: VNA)

Ready-built factories gain from new manufacturing FDI wave

15/09/2026 09:55

Ready-built factories attracted 73% of new manufacturing FDI in northern Vietnam over the past two quarters, as foreign investment continued to surge at the region's industrial hubs during the first eight months of 2026. The trend points to growing demand for premises that can be put into operation quickly.

The daily reference exchange rate is set at 25,617 VND/USD on September 15. (Photo: VNA)

Reference exchange rate climbs 10 VND on September 15

15/09/2026 08:56

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,898 VND/USD, and the floor rate 24,336 VND/USD.

Vietnamese durian industry pivots from volume to value

15/09/2026 08:33

Durian has morphed from a high-value crop into a strategic Vietnamese export. But as output climbs and importing markets tighten rules on quality, food safety and traceability, the industry must pivot from volume growth to sustainable value chains, better quality and diversified markets.

A display area for Mid-Autumn Festival cakes at a supermarket (Photo: VNA)

Mid-Autumn Festival cake market heats up at affordable end

15/09/2026 00:19

Industry insiders say competition is no longer just about the cake itself. Product quality, packaging, brand reputation, delivery services and personalisation are increasingly shaping consumer choices in a market crowded with both domestic and foreign players.

Minister of Foreign Affairs Le Hoai Trung (Photo published by VNA)

Vietnam, India set 25 billion USD trade goal

14/09/2026 21:35

Vietnam and India agreed to make better use of complementary strengths, ease market access difficulties and facilitate business activities toward achieving the 25 billion USD bilateral trade target.

Delegates at the meeting between Vietnamese businesses operating in Cambodia and the Council for the Development of Cambodia (CDC) on September 14. (Photo: VNA)

Vietnamese businesses seek to expand investment in Cambodia

14/09/2026 19:17

Vietnam currently has 223 investment projects in Cambodia with total registered capital of nearly 3.4 billion USD. Vietnamese companies operate in agriculture, particularly large-scale farming, finance and banking, telecommunications, aviation, processing, trade and services.

Leading VinFast’s electric vehicle lineup in August is the VF 3, a nationwide favorite among Vietnamese consumers, with 6,453 units delivered to customers, bringing its year-to-date total to 35,798 vehicles. (Photo: VNA)

VinFast maintains leading position in Vietnam’s automotive market for 24 consecutive months

14/09/2026 18:43

Maintaining monthly deliveries above 20,000 units despite August coinciding with the seventh lunar month (traditionally a low season in Vietnam, as many people tend to avoid major undertakings) further underscores the strong appeal of electric vehicles and VinFast’s clear leadership in Vietnam’s automotive market for 24 consecutive months.

Chairwoman of the Board of Directors and General Director of Sovico Group Nguyen Thi Phuong Thao speaks at a discussion on women’s leadership (Photo: VNA)

Vietnam-UK cooperation opens up new room for int’l financial centre

14/09/2026 18:28

VIFC development is seen as a strategic task to connect international capital flows with the economy’s development needs, develop modern financial services, and create favourable conditions for Vietnamese businesses to engage more deeply in global markets.

Children visit President Ho Chi Minh's hometown and learn about his childhood. (Photo: VNA)

Vietnam's tourism sector faces labour shortage

14/09/2026 17:36

A 2026 survey by Hoteljob.vn found that nearly 90% of tourism businesses planned to recruit. In Ho Chi Minh City alone, 89.7% of businesses were hiring, while 71.8% said recruitment was difficult or very difficult. The biggest shortages were among frontline workers, particularly in housekeeping, engineering, food service, front-office operations, and kitchens.

New Zealand’s Joli apple is being commercialised globally for the first time in Vietnam, initially available at selected WinMart and WinMart+ outlets. (Photo: thanhnien.vn)

New Zealand chooses Vietnam to launch premium apple variety

14/09/2026 17:05

Joli, a premium apple variety developed by New Zealand-based T&G, has been launched in the Vietnamese market, marking the first time it has been introduced to consumers anywhere in the world.

The meeting of the Steering Committee for Capacity Building Initiatives to Support ASEAN Financial Integration (SCCB) in Quang Ninh province (Photo: Quang Ninh Newspaper)

Vietnam advances sustainable finance initiatives in ASEAN

14/09/2026 15:11

The discussions come as the State Bank of Vietnam and Bank Indonesia near the end of their co-chairmanship term, marking another step in their cooperation to advance ASEAN's sustainable finance agenda.

The core area of the Vietnam International Financial Centre in Ho Chi Minh City (Photo: VNA)

Ho Chi Minh City eyes municipal, project bonds to support infrastructure development

14/09/2026 14:44

Great reliance on the state budget and conventional bank lending could put considerable pressure on the financial system, making it necessary to develop new and sustainable sources of funding from both domestic and international capital markets.

Octopus processing for export at Huy Nam Company in An Giang province. (Photo: VNA)

New opportunities for Vietnam’s seafood exports

14/09/2026 14:15

The Vietnam-EFTA Free Trade Agreement brings together two groups of highly complementary economies. EFTA members Switzerland, Norway, Iceland and Liechtenstein have strengths in technology, innovation, finance, clean energy and sustainable development, while Vietnam is one of Asia’s most dynamic economies and is emerging as a major regional manufacturing, trade and investment hub.

The State Bank of Vietnam headquarters in Hanoi (Illustrative photo: VNA)

Explicit consent required for sharing customers’ credit information from November 1

14/09/2026 13:09

The borrower’s consent must be given through a clear and specific method that can be printed or copied in writing, including in electronic form or another verifiable format.

The saponin content of Lai Chau ginseng can reach as high as 23.85% in its natural state, a remarkably high level compared to many other ginseng species. (Photo: baolaichau.vn)

Lai Chau ginseng development gains momentum

14/09/2026 12:41

Blessed with rare and distinctive ecological values, the northern mountainous province of Lai Chau is stepping up efforts to conserve and develop its native ginseng, with the medicinal plant expected to play a growing role in the forest-based economy and local livelihoods.

Investors watch stock movements on a computer screen at a Bao Viet Securities office. (Photo: VNA)

Interbank market confidence index drops in September

14/09/2026 12:14

Though the index remained just slightly above the neutral threshold of 50, banks were still relatively optimistic about economic growth and the management of the State Bank of Vietnam (SBV).

The Vietnamese delegation poses for a group photo at the third meeting of the Vietnam-Canada Joint Economic Committee (Photo: VNA)

Vietnam, Canada broaden economic cooperation beyond trade

14/09/2026 11:12

Vietnam is currently Canada’s largest trading partner in ASEAN. Building on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the two countries are expanding bilateral economic ties into higher value-added areas such as clean energy, critical minerals, advanced technology, manufacturing and value-chain linkages.