Vietnam borrows $2.5 bln in H1: ministry
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Twenty-two loan and aid agreements totaling more than $2.5 billion were signed and negotiated during the first half of this year in the field of electricity, transport, and hospital, according to the Ministry of Finance.
The ministry said as of June 18, Vietnam has signed 14 agreements with a total commitment value of over $1.26 billion, of which, the biggest agreement is the $420 million loan from Japan to build two expressways and then another $307 million loan to build Metro No.2 in Ho Chi Minh City.
The remaining 8 agreements are worth $1.25 billion, of which, the biggest was the $350 million loan from the World Bank (WB) to reform public investment in the second phase and followed by the $300 million agreement from Asian Development Bank (ADB) for Hanoi urban railway crossing Nhon-Hanoi Railway Station.
These loans are in the form of official development assistance (ODA) and preferential or commercial loans via non-government organizations (NGOs), investment funds or banks.
Also according to the ministry, till the end of June, there have been two more preferential agreements being negotiated and signed with China Eximbank for Mao Khe thermal power plant and Vinh Tan 2 thermal power project with a total value of nearly $750 million.
Some big preferential loan agreements are being negotiated including loans from Russia for Ninh Thuan nuclear power plant worth $7.7 billion and another loan agreement from Japan for nuclear power plant No.2.
