Four
economic areas will enjoy preferential interest rates when taking out official
development assistance loans granted by foreign countries, according to the
Government.

Under Prime Minister’s
Decision No 29/2011/QD-TTg on June 1, economic-technical-social infrastructure
includes industry; finance and credit and projects in areas where ethnic Khmer
live, communes that benefit from poverty reduction Programme 135 and
job-creation Programme 120 in border areas.

Also entitled to
low-interest loans will be projects that supply water for industrial production
and urban daily consumption, urban and industrial solid waste treatment and
industrial sewage treatment programmes. The construction of medical facilities,
education and training centres, railways, highways and deep-sea ports will also
benefit from preferential interest rates.

Three types of
industrial projects will be given precedence – new and renewable environmentally
friendly power plants, power grid and power transmission programmes in rural
areas, information technology and communications in rural areas.

The preferential
interest rate will be 30 per cent of the lending interest rate on foreign
currency or Vietnamese dong.

The decision will take effect on
July 20.

VietNamNet/Viet
Nam News