Sign up | Log in



 13 Apr 2009

Related Stories

April 7, 2009
Vietnam: Govt to raise minimum wage to revive economy

March 28, 2009
Vietnam posts lowest Q1 growth in decade

March 7, 2009
Malaysia: Exports decline deepest in 15 years 

Vietnam: Growth seen falling to 4.5% in Q1 

February 12, 2009
Vietnam: Tax payment date extended for 5 months

Vietnam eyes $6.4bn in overseas loans

The Vietnamese government has approved a plan to seek loans of up to $6.43 billion this year from foreign governments and banks.

Of the amount, the government will directly borrow $1.1 billion in medium and long-term commercial loans and about $1.73 billion in foreign governments' official development assistance and soft loans, the government said in a statement seen on Monday.

Vietnam relies heavily on foreign governments' preferential loans to develop infrastructure such as roads, bridges and water supply systems.

The government also said it would pay about $930 million this year to repay some external debt, which stood at about $26.8 billion at end 2008, according to data from the World Bank.

The government also forecast the private sectors would seek about $3 billion in commercial loans from foreign banks this year.









Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited

submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2019 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand