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Home  >>  Daily News  >>  Vietnam News  >>  Investment  >>  Poland promises $280m loan for Vietnam’s shipbuilding industry

27 May 2009

Poland promises $280m loan for Vietnam’s shipbuilding industry

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Poland is ready to provide $280 million in preferential credits to help Vietnam develop its shipbuilding industry and other sectors, reported US broadcaster VOA on its website.

VOA quoted Polish Foreign Minister Radoslaw Sikorski as telling Vietnamese Prime Minister Nguyen Tan Dung at a reception in Hanoi on May 25 that in the context of the current global economic crisis, Poland and Vietnam should strengthen their friendly relationship for mutual benefit.

Meanwhile, Dung said that both countries should work closer together in economics, trade, tourism, education and science-technology.

He welcomed Poland’s decision to double the amount of scholarships it provides to Vietnamese students and expressed hope that the European country will continue to support its Vietnamese community to integrate into the local communities there.

The same day, Deputy Prime Minister and Foreign Minister Pham Gia Khiem held talks with the Polish FM who is in Hanoi for the 9th ASEM Foreign Ministers’ Meeting.

Khiem confirmed that Vietnam wants to strengthen its friendship and multifaceted cooperation with Poland, especially in areas where it is strong such as shipbuilding, mining, oil and gas, food processing, education and training, and the restoration of historical buildings.

Both host and guest noted with satisfaction the increasing amount of trade between the two countries, which hit $640 million last year, much higher than the target of $500 million set for 2010.

They said that both countries should take practical measures to disburse the $280 million in preferential credits offered by Poland to Vietnam. They agreed to sign a new protocol on cooperation between the two Foreign Ministries to boost bilateral ties and increase cooperation in international forums.


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