Most Popular
-
1
1 in 3 Koreans live alone, family types becoming diverse
-
2
Korea, Japan finance chiefs vow to tame rampant FX market volatility
-
3
K-pop group's manager dismissed for setting up spycam in theater dressing room
-
4
Contentious grain bill put directly to plenary meeting for vote
-
5
Korean Muslim YouTuber's plan to build mosque in Incheon goes viral
-
6
Why is Apple Pay struggling to get purchase in Korea?
-
7
Yoon's office denies considering liberal figures for key posts
-
8
Trilateral talks acknowledge ‘serious’ slumps of won, yen
-
9
Will tug-of-war between doctors, government end soon?
-
10
Climate impacts set to cut 2050 global GDP by nearly a fifth
S. Korea to offer $41 mln loan for Vietnam waterworks project
By KH디지털2Published : June 25, 2015 - 15:33
South Korea will provide $41 million in soft loans to Vietnam so the Southeast Asian country can expand its waterworks infrastructure, the finance ministry said Thursday.
The money, to come from the Economic Development Cooperation Fund, will be used in the second phase of the Thien-Tan project in Dong Nai province that is expected to be completed in late 2017, according to the ministry.
The province, located some 45 kilometers from Ho Chi Ming City, has good port and air transportation systems and is being built up as a key industrial hub. There are some 300 South Korean-run factories in the region.
The EDCF is a state-run fund launched in 1987 that aims to help emerging countries with loans that carry low interest rates. Since it was established, Seoul has provided more than 10 trillion won ($9 billion) in aid.
"The waterworks project will be able to provide fresh water for nearby industrial parks and contribute to improving living standards of people in the region," the ministry said.
South Korea offered $26 million in soft loans during the first phase of the Thien-Tan waterworks that was completed in 2004. (Yonhap)
The money, to come from the Economic Development Cooperation Fund, will be used in the second phase of the Thien-Tan project in Dong Nai province that is expected to be completed in late 2017, according to the ministry.
The province, located some 45 kilometers from Ho Chi Ming City, has good port and air transportation systems and is being built up as a key industrial hub. There are some 300 South Korean-run factories in the region.
The EDCF is a state-run fund launched in 1987 that aims to help emerging countries with loans that carry low interest rates. Since it was established, Seoul has provided more than 10 trillion won ($9 billion) in aid.
"The waterworks project will be able to provide fresh water for nearby industrial parks and contribute to improving living standards of people in the region," the ministry said.
South Korea offered $26 million in soft loans during the first phase of the Thien-Tan waterworks that was completed in 2004. (Yonhap)
![[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/04/18/20240418050645_0.jpg&u=20240419100350)
