Vietnam to Advance VND1T to Rural Infrastructure Development This Year

The prime minister has agreed to advance VND1 trillion in the state budget to localities across the country to develop rural infrastructure this year, the government said on its website. Localities will borrow the money from the Vietnam Development Bank (VDB) to reinforce dikes, and upgrade roads and infrastructure in aquaculture areas and craft villages. The VDB is assigned to refund to the state budget after two year receiving the advanced loan.