Vietnam gets over US$27 billion foreign loans in 2010-2014

Vietnam signed agreements to borrow foreign loans worth over US$27.11 billion in the phase of 2010-2014, according to the Ministry of Planning and Investment.

Rach Mieu Bridge in Mekong Delta, Vietnam with over US$27.11 billion foreign loans from 2010 to 2014 for investment in seven priority fields including transport (Photo: SGGP)

Of these, preferential loans hit US$25.7 billion accounting for nearly 95 percent of total amount. Official assistance development (ODA) fund reached US$1.37 billion equivalent to 5.05 percent.

The loans had been used in seven priority fields including transport, environment and urban development, energy and industry, agriculture and rural development, poverty alleviation, social health, and education and training.

In the first nine months this year, creditors provided Vietnam with an extra of US$2.73 billion including US$2.7 preferential loans.

Disbursed ODA capital was estimated to reach US$27.17 billion in the phase of 2010-2015, accounting for 88.7 percent of total.

By Bich Ngoc – Translated by Hai Mien

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