Five trillion VND to solidify canals and some rural infrastructure

According to Official Dispatch No. 1589/TTg-KTTH, the Prime Minister has agreed to maintain the preferential credit loan level to implement the programs of solidifying canals, developing rural roads, aquaculture infrastructure and infrastructure for craft villages in rural areas at 5 trillion VND/year. This capital level will be implemented from 2013 to 2015.

Previously, at the end of 2011, the Prime Minister also agreed to increase the preferential credit loan level to implement the above programs to 3 trillion VND/year. In August 2012, considering the proposal of the Vietnam Development Bank (VDB) including an additional 2 trillion VND for the Canal Reinforcement Program, Deputy Prime Minister Vu Van Ninh requested VDB to mobilize the above capital according to regulations. The State Bank will compensate for the interest rate difference.

According to (Nhandan.com.vn)-LT