BIDV pours money into the Mekong Delta
Tran Bac Ha, Chairman of the Board of Directors of the Bank for the Investment and Development of Vietnam (BIDV), said that the bank would raise the total available credit in Mekong Delta region.
Ha said the bank’s current credit level of VND35 trillion (US$1.59 billion) in the region would be increased to VND115 trillion (US$5.2 billion) in 2018 and VND160 trillion (US$7.2 billion) in 2020, accounting for 16.5% of the total bank credit in the region.
A number of BIDV-assisted investment projects during the period would be the Quan Chanh Bo and Cho Gao canals, with the bank providing between VND10 and 15 trillion (US$445.6 – 668.4 million).
The BIDV will also set aside between VND12 and 15 trillion (US$534.8 – 668.4 million) for infrastructure projects in Phu Quoc Island.
The bank signed a number of development cooperation agreements at a conference on the social-economic development of the Mekong Delta key economic zone, held in Can Tho on August 21, with total committed capital of VND2.51 trillion (US$114 million).
Projects benefiting from the agreements include renovation to the Quan Chanh Bo canal and the National Road No 1 build-operate-transfer project in Soc Trang and Bac Lieu.
Agreements signed also included the provision of working capital for the fishery sector through the Nam Hai, Thanh The and Co Chien Companies.
The bank also pledged to provide finances for food business activities, large-scale rice field projects and the Thanh Vu Medic General Hospital in the health sector.
A number of BIDV-assisted investment projects during the period would be the Quan Chanh Bo and Cho Gao canals, with the bank providing between VND10 and 15 trillion (US$445.6 – 668.4 million).
The BIDV will also set aside between VND12 and 15 trillion (US$534.8 – 668.4 million) for infrastructure projects in Phu Quoc Island.
The bank signed a number of development cooperation agreements at a conference on the social-economic development of the Mekong Delta key economic zone, held in Can Tho on August 21, with total committed capital of VND2.51 trillion (US$114 million).
Projects benefiting from the agreements include renovation to the Quan Chanh Bo canal and the National Road No 1 build-operate-transfer project in Soc Trang and Bac Lieu.
Agreements signed also included the provision of working capital for the fishery sector through the Nam Hai, Thanh The and Co Chien Companies.
The bank also pledged to provide finances for food business activities, large-scale rice field projects and the Thanh Vu Medic General Hospital in the health sector.