Korea Eximbank helps build VN’s infrastructure

Korea Eximbank will provide Vietnam as many loans as it can to help the latter develop transport infrastructure, Korea Eximbank Chairman cum General Director Dong Soo Kim said.

The Korea Eximbank Chairman made the statement at his meeting with Prime Minister Nguyen Tan Dung in Hanoi on Oct. 27.

PM Dung spoke highly of Korea Eximbank’s provision of loans for Vietnam for developing socio-economic infrastructure.

He said projects with the bank’s investment, especially the construction of Vam Cong bridge and the southern coastal road route, were important to Vietnam ’s socio-economic development and contributed in a practical way to friendship and cooperation between the two countries.

PM Dung told the bank official that Vietnam ’s biggest current challenge was investment for infrastructural development, especially transport systems, so the country is in dire need for international community’s assistance, including that of the Republic of Korea .

He asked Korea Eximbank to continue arranging loans for Vietnam to enable it to complete the construction of Vam Cong bridge and the southern coastal road route.

Korea Eximbank Chairman highly valued the Vietnamese government’s role in weathering economic crisis impacts and maintaining the country’s economic growth.

He said he believed Vietnam would fulfill all development goals it has set forth.

Korea Eximbank and the Vietnamese Transport Ministry are working on loans for a series of transport infrastructure projects, including 120 million USD for the southern coastal corridor road route, 200 million USD for the construction of Vam Cong bridge, and 100 million USD for the building of Vinh Thinh bridge.

Tags: Korea Eximbank

Posted by VBN on Oct 28 2010. Filed under Infrastructure. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry