Vietnam seeks foreign funding for infrastructure development - News Summed Up

Vietnam seeks foreign funding for infrastructure development


At his meeting with South Korean President Yoon Suk Yeol, PM Chinh proposed that South Korea continue to provide preferential loans for Vietnam to implement large-scale, symbolic infrastructure projects such as railways and expressways. President Yoon agreed with Chinh’s proposals, adding that he wishes Vietnam would make it easier for Korean investors to join not only infrastructure projects but also those in urban development, energy, and liquefied natural gas (LNG) in Vietnam. PM Chinh affirmed that Vietnam will continue to create favorable conditions for Korean investors to do long-term business in Vietnam. He asked the WB to continue to provide Vietnam with preferential loans for key projects to build high-speed railways, subways, seaports and large airports. Ferro agreed with Chinh about giving priorities to such key, large-scale infrastructure development projects that contribute to boosting the national economy development.


Source: Tuoitre News October 12, 2024 07:51 UTC



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