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.
About Us
Vietnam Briefing is one of five regional publications under the Asia Briefing brand. It is supported by Dezan Shira & Associates, a pan-Asia, multi-disciplinary professional services firm that assists foreign investors throughout Asia, including through offices in Hanoi, Ho Chi Minh City, and Da Nang in Vietnam. Dezan Shira & Associates also maintains offices or has alliance partners assisting foreign investors in China, Hong Kong SAR, Indonesia, Singapore, Malaysia, Mongolia, Dubai (UAE), Japan, South Korea, Nepal, The Philippines, Sri Lanka, Thailand, Italy, Germany, Bangladesh, Australia, United States, and United Kingdom and Ireland.
Get the setup decisions right the first time.
Our Vietnam corporate team offers a fully integrated establishment solution.
