#loan

PSNews - The Government of Vietnam and the World Bank have signed a US$221.5 million credit agreement to support Vietnam’s recovery from the COVID-19 pandemic through policy reforms, aiming to improve financial inclusion and environmental resilience.

The World Bank Board of Executive Directors today approved a US$80 million loan to help Vietnam improve the quality of, and access to, basic health services in 13 provinces, with a focus on poor areas of the country. 

Vietcombank said it will continue reducing its loan interest rates for five groups of prioritised borrowers in 2018 in accordance with Circular No. 39/2016/TT-NHNN dated December 30, 2016 of the State Bank of Vietnam (SBV).

The Ministry of Finance signed an agreement with the Kuwait Fund for Arab Economic Development (KFAED) on December 19 to borrow more than US$9 million (VND212 billion) for a project to develop coastal infrastructure in response to the effects of climate change in Thai Binh Province.

Ca Mau - The southernmost province of Ca Mau will need 100 million USD for a project for development and climate change adaption in the province’s capital – Ca Mau City.