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36 projects receive loans worth 935 billion VND

DA NANG Today
Published: August 21, 2015

After 8 years of operation, the Da Nang Investment and Development Fund has loaned a total of 935 billion VND to 36 local projects.  These projects mainly involved such aspects as transport, education, electricity-water, infrastructure and housing.  A total of 743 billion VND has so far been disbursed.  The total of loan repayments is currently 381 billion VND, with 362 billion VND still outstanding.

Over the past year, a guarantee fund for the city’s small and medium-sized enterprises (SMEs) has given credit, worth 18.1 billion VND in total, to 16 local businesses.  The highest level of guarantee was 2 billion VND, whilst the lowest was 100 million VND.

In addition to using the city’s budget, the guarantee fund has appealed for contributions from local enterprises, organisations and individuals.  As of August, 328.3 billion VND has been contributed to the fund by the World Bank in Viet Nam and the French Development Agency.

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