DAF Plans to Raise US$2.23Bln for Development Investment Next Year

The State-run Development Assistance Fund (DAF) will mobilize around VND35 trillion (US$2.225 billion) in 2005 from local and foreign sources for lending to development investment projects and settling its due debts.

The fund’s task in 2005 is that it must ensure total soft loans worth VND25 trillion (US$1.59 billion) for major development investment projects and supporting exports.