HCM City to Get US$203.8Mln Soft Loans for Infrastructure Projects

The Vietnamese government-run Development Assistance Fund (DAF) recently signed with Ho Chi Minh City People’s Committee to lend around VND3.2 trillion (US$203.8 million) to investors of major infrastructure projects in the city in the next two years.

The total funds will be invested in big projects such as Thu Thiem Bridge, Thu Thiem New Urban Area, Hiep Phuoc Industrial Park and Hi-Tech Park, which need total investment of around VND8.1 trillion (US$515.9 million) for the first phase of construction, said DAF HCM City Branch Director Dao Van Chien.

DAF will mobilize capital via issuing its bonds with terms of up to 15 years to finance their lending.

• P.V