More than 1.62 million poor households and welfare policy beneficiaries gained access to preferential loans worth over 54.9 trillion VND (2.36 billion USD) in the first nine months of 2019, up 6.15 trillion VND compared to the same period last year.
As official development assistance (ODA) plays an important role in the country’s socio-economic development, Vietnam hopes to receive further supports from its partners to diversify capital sources, Deputy Prime Minister and Foreign Minister Pham Binh Minh said on July 10.
The People’s Committee of Hanoi has proposed the municipal People’s Council add the urban railway project No 3 to the list of projects funded by official development assistance (ODA) and preferential loans from foreign donors.
VOV.VN - The Ministry of Finance has blamed the alarmingly slow disbursement of official development assistance and preferential loans for deadlocks in allocation plans, investment and lending procedures and those related to spending management and capital withdrawal.
VOV.VN - Commercial banks have pledged to provide enterprises in Ho Chi Minh City with VND279 trillion (US$11.99 billion) in loans under the bank-enterprise linkup programme this year, heard a conference held in the city on April 18.
Close to 6.7 million poor households and policy beneficiaries gained access to preferential loans worth over 62 trillion VND (2.66 billion USD) in 2018.
VOV.VN - Four major commercial banks have pledged to slash lending rates as of January 10 in a bid to further leverage access to loans for businesses operating in the prioritized sectors as stipulated by the State Bank of Vietnam.
Vietnam always treasures its relations with the Asian Development Bank (ADB), one of the leading providers of loans, technical assistance and consultancy for the country, said a senior government official.
Vietnam has received US$80 billion in official development assistance (ODA) and preferential loans since 1993, becoming one of the largest ODA recipients in the world, said Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh.
The Vietnam Bank for Agriculture and Rural Development (Agribank) is running an import-export assistance package worth VND15 trillion (US$649.46 million) between now and December 20.
The Mekong Delta province of Tra Vinh aims to have 4,000 enterprises by 2020, with more than 30% and 15% of them owned by woman and ethnic minority people, respectively, heard a conference in the locality on May 23.
Delegates at a seminar in Hanoi on April 12 suggested preferential loans should be accessible to people with disabilities as well as businesses employing the disabled.
Hundreds of persons with disabilities in the southern province of Binh Phuoc have benefited from a 2015-2018 project funded by the US Agency for International Development (USAID) which helps them fully integrate into society.
Total foreign-sourced capital for projects will gradually decline as from 2018, when Vietnam will completely graduate from official development assistance (ODA), leading to more prudent consideration of projects using less preferential loans, according to Prime Minister Nguyen Xuan Phuc.
Sacombank has set aside 3 trillion VND (132.15 million USD) for preferential loans to household businesses, small traders and firms converted from household businesses in HCM City.
Over 124,000 households in the Mekong Delta province of Soc Trang have escaped poverty thanks to State preferential loans over the past 15 years.
Nearly 132,000 households in the Central Highlands province of Gia Lai have escaped poverty thanks to State preferential loans over the past 15 years.
More than 1,473,000 ethnic minority households across the country have been benefiting from preferential credit programmes with total loans worth up to VND40 trillion (over US$1.76 billion), reported the Vietnam Bank for Social Policies (VBSP).
World Bank (WB) preferential loans during the 2017 fiscal year will be used for sustainable development, infrastructure, improvement of tertiary education, and disaster recovery in the central region, said Deputy Prime Minister and Foreign Minister Pham Binh Minh.
The Central Power Corporation (CPC) under the Vietnam Electricity Group (EVN) will build a solar plant project with a capacity of 50 megawatts (MW) and solar farms in the south central coastal province of Khanh Hoa.