Tran Bac Ha, Chairman of the Board of Directors of the Bank for the Investment and Development of Vietnam (BIDV), said that the bank would raise the total available credit in Mekong Delta region.
Deputy Prime Minister Vu Van Ninh speaks at a conference on the social-economic development held in Can Tho on August 21. (Source: VNA)
Tran Bac Ha, Chairman of the Board of Directors of the Bank for the Investment and Development of Vietnam (BIDV), said that the bank would raise the total available credit in Mekong Delta region.
Ha said the bank’s current credit level of 35 trillion VND (1.59 billion USD) in the region would be increased to 115 trillion VND (5.2 billion USD) in 2018 and 160 trillion VND (7.2 billion USD) in 2020, accounting for 16.5 percent of the total bank credit in the region.
A number of BIDV-assisted investment projects during the period would be the Quan Chanh Bo and Cho Gao canals, with the bank providing between 10 and 15 trillion VND (445.6 – 668.4 million USD).
The BIDV will also set aside between 12 and 15 trillion VND (534.8 – 668.4 million USD) for infrastructure projects in Phu Quoc Island.
The bank signed a number of development cooperation agreements at a conference on the social-economic development of the Mekong Delta key economic zone, held in Can Tho on August 21, with total committed capital of 2.51 trillion VND (114 million USD).
Projects benefiting from the agreements include renovation to the Quan Chanh Bo canal and the National Road No 1 build-operate-transfer project in Soc Trang and Bac Lieu.
Agreements signed also included the provision of working capital for the fishery sector through the Nam Hai, Thanh The and Co Chien Companies.
The bank also pledged to provide finances for food busin🌄ess activities, large-scale ricꦅe field projects and the Thanh Vu Medic General Hospital in the health sector.-VNA
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Deputy Prime Minister Vu Van Ninh speaks at a conference on the social-economic development held in Can Tho on August 21. (Source: VNA)
