LATEST NEWS

ADB will increase the capital to support Vietnam to US$ 300 million/year

   5/17/2006

Mr. Linqun Jin, Vice President of Asian Development Bank (ADB), says ADB has decided to increase preferential capital to support Vietnam to approximately US$ 300 million/year in 2007 and 2008. This decision was announced by Mr. Linqun Jin in a meeting with Deputy Prime Minister Pham Gia Khiem in March 16, 2006. Deputy Prime Minister Pham Gia Khiem clarified that the Government of Vietnam highly valued the role and assistance of ADB in the past time and committed continuous and effective optimization of ADB preferential loans. Deputy Prime Minister showed his wish to improve cooperation with ADB, especially in the field of poverty reduction, education and infrastructure development. Mr. Linqun Jin appreciated socio-economic achievements made by Vietnam recently. He added that Vietnam at present is the country, which receives the biggest preferential loan from ADB among those eligible to access this capital. ADB has developed a strategic program to support Vietnam through economic development projects, especially infrastructure development such as transportation system and electricity plants. Additionally, ADB also support Vietnam with technical assistance projects in order to improve institutional capacity and contribute to improved investment environment.

Vneconomy
5/17/2006

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