Wednesday, September 28 2016

VietNamNews

President asks ADB for additional favorable loans

Update: June, 20/2016 - 10:53
President Trần Đại Quang receives ADB President Takehiko Nakao in Hà Nội last Friday. — VNA/VNS Photo

HÀ NỘI — President Trần Đại Quang has asked the Asian Development Bank (ADB) to continue providing soft loans to Việt Nam to realise its socio-development goals. He spoke at a meeting with ADB President Takehiko Nakao in Hà Nội last Friday.

Quang pledged that Viet Nam would work hard to maximise the efficiency of the favorable loan capital, especially given the serious challenges it faces as a result of climate change. Many regions were suffering drought, salinity intrusion and environmental pollution, which endangered the whole country’s growth and needed to be urgently tackled, he said.

The country also had a high demand for capital for its sustainable and rapid socio-development targets, with priority given to economic restructuring, infrastructure improvement and human resources training, Quang said.

ADB President Takehiko Nakao affirmed that the bank was keen to help Việt Nam, which has recorded numerous development achievements. He pledged to support Việt Nam in financial restructuring, small and medium-sized enterprise development and FDI attraction. — VNS

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