Vietnam will receive ODA loans worth UD$51 million from the Republic of Korea to implement three projects in rural areas.
Under the agreements signed between the Finance Ministry and the RoK Export-Import Bank in Hanoi on August 17, the projects include a US$45 million general hospital in the northern mountainous Yen Bai province, and the provision of teaching equipment for two vocational training schools in the central provinces of Ha Tinh and Quang Binh, worth US$3 million each.
The RoK is one of Vietnam’s largest bilateral donors with many projects already going into operation. These include the Thien Tan 1 water supply factory in southern Dong Nai province, National Highway No.18 and a solid waste treatment and management system in Hai Phong city as well as the production of five preventive vaccines.
The RoK has recently helped Vietnam develop infrastructure through construction of the Hanoi-Hai Phong highway and Vinh Thinh bridge.
It also financed some of the country’s human resource development and health projects./.
Source VOV
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