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BIDV offers infrastructure funds

Update: December, 04/2013 - 08:33
The Bank for Investment and Development (BIDV) will provide a VND300 billion ($14.3 million) loan for developing infrastructure in Phuoc Ly in Lien Chieu District, north of Da Nang City.— Photo baodanang

DA NANG (VNS)— The Bank for Investment and Development (BIDV) will provide a VND300 billion ($14.3 million) loan for developing infrastructure in Phuoc Ly in Lien Chieu District, north of Da Nang City.

The fund will help boost the sale of land plots in the 47.9-ha urban area, as well as assist the stagnated property market in the central city.

According to the urban management board, 250 plots were sold in the first stage last year, while the second stage will this year offer lots at VND348 million ($16,600). — VNS


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