$502 mn World Bank loan for Vietnam’s infrastructureMay 23rd, 2008 - 2:10 pm ICT by admin
Hanoi, May 23 (Xinhua) The World Bank has approved a loan of over $502 million to help Vietnam improve its urban infrastructure, expand the rural electricity network and facilitate the accession to finance in rural areas. The money will be spent on three infrastructure projects: investment in central Da Nang city, rural electricity, and rural finance, the bank said in a press release here Friday.
“This (the approval) reflects the World Bank’s continuous and enhanced commitment to assisting Vietnam to address the challenges in its development path,” said Ajay Chhibber, the organisation’s country director for Vietnam.
They are the sectors that Vietnam will need to pay attention to if it wants to ensure continued and equitable growth, he said.
- World Bank offers Bihar $100 mn loan - Jul 09, 2012
- ADB gives $300 mn loan for road projects in Madhya Pradesh - Jun 15, 2011
- REC gets RBI nod to raises FII stake limit to 35 percent - Oct 01, 2010
- Making housing affordable: Realty industry needs budget boost (Comment) - Feb 26, 2012
- US, Vietnam to hold joint navy activities - Jul 08, 2011
- Kerala to get $200 mn World Bank aid - Jul 04, 2011
- G-20 Summit Declaration - Jun 20, 2012
- Pranab Mukherjee asks state governments and banks to improve credit flow - Jun 28, 2010
- World Bank provides $405 mn for Andhra Pradesh - Dec 11, 2009
- IFC invests $2.7 million in ATM maker Vortex Engineering - Jun 25, 2012
- ADB provides 250 million dollars to help India turn tourism into growth, jobs driver - Sep 29, 2010
- Public sector firms join hands for infrastructure financing - Sep 17, 2011
- Text of Prime Minister's Independence Day speech - Aug 15, 2012
- $200-mn ADB loan for Madhya Pradesh power projects - Aug 17, 2011
- World Bank offers $500 million loan for education in India - Mar 23, 2012
Tags: accession, challenges, country director, da nang city, development path, electricity network, equitable growth, hanoi, infrastructure projects, money, rural areas, sectors, urban infrastructure, vietnam, world bank, world bank loan, xinhua