Vietnam Govt. OKs VDB Bank to Provide Interest-Free Loans for Rural Areas

The Vietnamese Ministry of Finance (MOF) has just allowed the state-run Vietnam Development Bank to provide interest-free loans for transportation and irrigation infrastructure developments for rural areas across the country, the State Bank of Vietnam (SBV) said on August 7.

 

The soft loans will mature over four years, the SBV said.

 

Between January and July, the government disbursed VND10.3 trillion (US$629.411 million) worth of g-bonds, meeting 29 per cent of the full-year target.

 

Of that sum, disbursements for educational projects accounted for 43 per cent, followed by transportation and irrigation projects making up 27.5 per cent, and healthcare services representing 25 per cent, the MOF noted. (SBV, Investment)