Vietnam’s Provinces, Regions and Key Economic Zones

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Vietnam Briefing is a magazine and daily news service about doing business in Vietnam. We cover topics relating to the Vietnamese economy, the market in Vietnam, foreign direct investment and Vietnamese law and tax. It is written in-house by the foreign investment professionals at Dezan Shira & Associates

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Vietnam Seeks US$6.43 Billion Foreign Loans in 2009

Posted on April 14, 2009 by Vietnam Briefing

Apr. 14 – The Vietnamese government has announced that it plans to borrow up to US$6.43 billion from foreign governments and banks this year.

The loans will pay for new infrastructure in the form of roads, bridges and water supply systems. The government will borrow US$1.1 billion for medium and long-term commercial loans with an additional US$1.73 billion in foreign governments’ official development assistance and soft loans.

The Vietnamese government also wants to allocate around US$930 million this year to pay external debt. Vietnam’s private sectors are also forecasted to loan about US$3 billion from foreign banks for commercial loans.