
Vietnam to take out $2bn loan for Mekong Delta development
The loan will come from the World Bank, Germany, and France
The loan will come from the World Bank, Germany, and France
The government bailout fund was granted to flag carrier Vietnam Airlines earlier
The debt financing is part of ADB’s $20 billion assistance announced on April 13
The US$390 million amount was part of a $540 million loan given by the ADB for the project
The 26-kilometer My An-Cao Lanh road will connect Dong Thap’s My An Town and the provincial capital city of Cao Lanh
Many people have failed to pay their auto loans due to difficulties brought about by the COVID-19 epidemic
The loan shall be provided at the lowest possible interest rate and come with a government guarantee, it asked
The loan will also help enhance traffic connectivity among northwestern provinces
The loan makes ADB the first development finance institution to provide long-term lending to BIDV
Loan sharks can charge an annual interest rate of up to 300 percent