Vietnam to Borrow US$190 Million for Infrastructure Development

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Aug. 13 -The World Bank  has agreed to loan US$190 million to Vietnam for infrastructure development, reports Xinhua.

The bank has also promised to provide Vietnam preferential loans of more than US$9.83 billion to develop 91 projects and programs in the country.

The funds will be placed in Vietnam’s Locality Development Investment Funds Project and will help improve the financial capacity and environmental management of public and private sectors involved for infrastructure development.