Germany Provides Credit to SME Development

3:26:37 PM | 7/8/2005

Germany Provides Credit to SME Development

 

Representatives of the Ministry of Planning and Investment and Ministry of Finance recently signed with representatives of KFW Bank (Germany) a credit agreement for an SME development programme.

 

It is within the framework of the annual German development programme for Vietnam. The programme is funded by ADB (US$60 million), AFD (Euro35 million) and KFW (Euro14 million). The assistance is aimed at stepping up administrative reform, developing market information and accelerating the granting of land use rights.

  • K.P