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US$13 million loan for Ha Giang infrastructure project
Wednesday,  May 9, 2018,15:33 (GMT+7)

US$13 million loan for Ha Giang infrastructure project

HCMC – The Ministry of Finance and the Kuwait Fund have signed an agreement in which the latter will lend US$13.325 million to a multipurpose development project for ethnic minorities in poor communes in Xin Man District, Ha Giang Province.

Deputy Minister of Finance Tran Xuan Ha said the project would help improve social and economic conditions in the province and the northern upland as a whole.

Vietnam still needs more aid from Kuwait, he noted. The ministry will work towards facilitating the timely and efficient execution of the project.

Hesham Al-Waqayan, deputy director general of the fund, said he was looking forward to cooperating with Vietnam in more projects.

The Kuwait Fund has so far provided around US$182 million for 15 projects in Vietnam, focusing on rural infrastructure and irrigation systems in impoverished provinces, such as Dau Tieng and Van Dinh irrigation systems; and roads Dac Ta – Ngoc Linh and Phu Thong – Khang Ninh.

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