Today: 05/03/2024 10:38:26 (GMT+7)
THE SPECIALIZED PAGE OF BAC GIANG NEWSPAPER ONLINE

Vietnam to borrow $2.53B from foreign partners for Mekong Delta development

The government has approved a plan to borrow $2.53 billion from six foreign partners to develop 16 infrastructure projects in the Mekong Delta.

Prime Minister Pham Minh Chinh said at a meeting in the delta's capital city Can Tho Saturday that Vietnam can afford to take more ODA loans as its public debt and foreign debt has been well controlled.

Vietnam, foreign partners, Mekong Delta development, ODA loans, boost infrastructure development, nation's growth

Prime Minister Pham Minh Chinh speaks at a meeting in Can Tho, July 8, 2023.

Those loans can be used to boost infrastructure development in the Mekong Delta, he said.

The 16 projects have been proposed by the Ministry of Transport, the Ministry of Agriculture and Rural Development, Can Tho and 12 Mekong Delta provinces.

Among the projects is a 415-km coastal road that connect seven provinces Tien Giang, Ben Tre, Tra Vinh, Soc Trang, Bac Lieu, Ca Mau and Kien Giang, at a cost of nearly VND43 trillion ($1.8 billion).

Others include highway upgrades, reservoir and irrigation projects.

The six foreign partners involved are the Asian Development Bank, the French Development Agency, the KfW, Japan International Cooperation Agency, the Export-Import Bank of Korea, and the World Bank.

PM Chinh said the Mekong Delta holds a strategic role in the nation's growth. Infrastructure development in the region will create space for new urban, industrial zones, boost growth and improve the quality of local human resources.

The delta, the country's rice basket and major supplier of its seafood export, now has 171 km of expressways, according to the Transport Ministry.

Another eight projects with a total length of 463 km are being developed and scheduled to complete by 2026.

Construction kicked off for 9 social housing projects in H1
Nine projects on social housing and housing for workers in industrial zones saw their construction started between January and June, expected to offer 18,768 units to the market.
 
PM attends ground-breaking ceremony for worker housing project in Bac Giang
On the afternoon of June 16, Prime Minister Pham Minh Chinh attended the ground-breaking ceremony for the second phase of a worker housing project in Viet Yen District, Bac Giang Province.
 
PM attends inauguration of bridge, groundbreaking of social housing project in Bac Giang
Prime Minister Pham Minh Chinh cut the ribbon to inaugurate Nhu Nguyet bridge 2 and attended a groundbreaking ceremony of a social housing project for workers in the northern province of Bac Giang on June 16.
 
Over 222 million USD set to be disbursed for North-South expressway project in June
More than 5.22 trillion VND (over 222.6 million USD) are set to be disbursed for component projects of the North-South expressway project in June, including more than 1.6 trillion VND in the first stage and the remainder in the second stage, reported the Transport Ministry’s Department of Planning and Investment.
 
Government approves temporary buying price for renewable projects
The Ministry of Industry and Trade has approved a temporary electricity buying price for 19 renewable energy projects at half the maximum rate.
 

Source: VnExpress

Vietnam, foreign partners, Mekong Delta development, ODA loans, boost infrastructure development, nation's growth
 
New comment has just been added. Click here
Sort:NewBest News