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.
At the signing ceremony (Source: VNA)Hanoi (VNA) – 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.
The sum is expected to help the Vietnamese side to better control salinity, upgrade the eco environment and adapt to climate change in benefiting localities.
A document to this effect was signed by representatives from the Ministry of Finance and the RoK bank in Hanoi on November 24.
The agreement is part of the framework credit agreement worth 1.2 billion USD between Vietnam and the RoK for 2012-2015.
In the 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.
The RoK funding also went to the upgrade of the Hanoi Pharmacy University to a regionally-recognised institution by 2020, the supply of medical equipment for several general hospitals in southern An Giang and Tra Vinh provinces.
Between 2008 and 2011, the RoK Government provided Vietnam with 1 billion USD in preferential loans, the majority of which were channeled into 28 projects in the country./.
You should also see
Energy industry needs nearly 5 trillion VND of investment in 2021-2030
The total investment capital demand for the whole energy sector in the 2021-2030 period is between 4.13-4.8 trillion VND (163.01-189.46 million USD), according to a plan to implement the National Power Planning in the 2021-2030 period with a vision to 2050.
See more
Business
Vietnam needs drastic reforms to create firm ground for economic growth: experts
Drastic institutional reforms are needed to create firm ground for economic growth in the context that persistent challenges, both external and internal, still cloud the growth prospect, experts have said.
Business
Dak Lak firm pioneers in following EUDR in coffee production
The Dak Lak September 2 Import-Export Company Limited (Simexco) has pioneered in building coffee growing areas following the EU Deforestation Regulation (EUDR), it announced on April 25.
Business
Dong Nai calls for Korean investment into green growth
The southern province Dong Nai introduced its investment projects and incentives to the Republic of Korea (RoK)’s firms at a workshop in Seoul on April 25.
Business
Vietnam ranks fifth among aquatic product suppliers for Singapore
Vietnam jumped one place to become the fifth largest exporter of aquatic products to Singapore for the first time in the first quarter of this year, according to its Trade Office in the city state.
Business
Forum seeks ways to boost exports amid external challenges
Experts gathered at a forum in Ho Chi Minh City on April 25 to seek ways to untangle knots in terms of capital and market for exporters in the context that the ongoing conflicts in many regions are disrupting international trade.
