French loan backs investment reform
A loan of 100 million euros (US$134.7 million) to support public investment reform was signed on Monday between the Ministry of Finance and the French Development Agency.
The package, together with World Bank's $500-million loan signed at the end of last year, aims to help the Vietnamese Government improve project management and reduce associated environmental and social problems.
Deputy Minister of Finance Tran Xuan Ha said the second phase of the investment reform next year would be financed by the two organisations.
The agency has committed official development assistance totalling nearly 1.1 billion euros ($1.48 billion) since 1994.
vietnamnews
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