Environment

RoK bank finances wastewater disposal project

The Ministry of Finance and the Export-Import Bank of the Republic of Korea (Korea Eximbank) signed a 23.117 million USD loan agreement on July 26 for a project to improve the system of wastewater disposal in the northern province of Hung Yen.
The Ministry of Finance and the Export-Import Bank of the Republicof Korea (Korea Eximbank) signed a 23.117 million USD loan agreementon July 26 for a project to improve the system of wastewater disposal inthe northern province of Hung Yen.

Through the RoK EconomicDevelopment Cooperation Fund (EDCF), the payback period of the OfficialDevelopment Assistance (ODA) loan is 40 years including 10 years ofgrace. The annual interest rate is 0.1 percent.

Theagreement aims to concretise the 1.2 billion USD framework agreement forthe 2012-2015 period inked by the two Governments.

Earlier,the Republic of Korea (RoK) pledged to provide a 1 billion USD loanfor Vietnam to execute projects in the fields of health, water supply,vocational training and transport in the southern coastalcorridor and Thua Thien–Hue General Hospital.

UsingRoK capital, various works have been completed and put into operation toboost the country’s socio-economic development.-VNA
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Illustrative image (Source: VNA)

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Deputy Minister of Industry and Trade Truong Thanh Hoai and CEO of GWEC Ben Backwell chairs a offshore wind development workshop in Hamburg on September 24, 2026. (Photo: VNA)

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Landslides block roads in mountainous areas of Thanh Hoa (Photo: VNA)

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The forum takes place in Hanoi on August 25, 2026. (Photo: VNA)

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