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AFD to introduce preferential loans

Released at: 15:44, 12/03/2016

AFD to introduce preferential loans

Twenty corporations to attend conference on loans in Hanoi from March 15 to 18.

by Luong Nhi

The French Agency for Development (AFD) in Vietnam in partnership with the Ministry of Planning and Investment (MPI) and the Ministry of Finance will organize a conference to introduce preferential loans not requiring government guarantees from March 15 to 18 at the Apricot Hotel, 136 Hang Trong Street, Hanoi.

Some 20 leaders from large Vietnamese corporations will attend the conference, such as Electricity of Vietnam (EVN), Vietnam Airlines, the Vietnam National Coal and Mineral Industries Group (Vinacomin), the Vietnam National Textile Garment Group (Vinatex), the Sonadezi Industrial Development Corporation, the Thua Thien Hue Water Supply State Owned Co. (Huewaco), the Saigon Water Corporation (Sawaco), the Vietnam Steel Corporation (VnSteel), and the Vietnam Cement Industry Corporation (Vicem).

Via the workshops AFD expects to offer additional preferential loans to State-owned enterprises and help them understand how to access the loans without the requirement of government guarantees.

AFD has devoted about 70 years to fighting poverty worldwide. Arriving in Vietnam in 1994 it has committed to sponsoring over $1.78 billion in 81 programs in the country. Initially its support targeted rural areas and was then expanded to energy infrastructure, transport, water supply, and wastewater treatment.

Vietnam is considered one of AFD’s priority partners and it now has key targets in the country: stable urban development, social and environmental responsibility, and fighting climate change.


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