The Ministry of Finance and the German Reconstruction Bank (KfW) on October 31 signed agreements totalling 140 million EUR for two projects to develop power supply and enhance capacity for the provincial hospital system.
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At the signing ceremony (FinancePlus.vn)
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The bank will provide 120 million EUR in loans for Vietnam to construct and upgrade its 110 kV power system and expand low-voltage and middle-voltage power systems in rural areas, reducing power loss and increasing electricity quality and safety, ensuring an equal electricity service for customers in both rural and urban areas.
Meanwhile, 20 million EUR will be poured into a project upgrading the capacity of provincial hospitals, which was launched in 2010.
The loan will be used to provide necessary equipment to a number of hospitals in Thanh Hoa, Phu Yen and Yen Bai, and improve the management of waste in hospitals in Thanh Hoa, Phu Yen, Yen Bai, Thai Binh, Nghe An and the Vietnam-Germany Hospital in Hanoi.
The German Government, through the KfW, is Vietnam ’s third largest bilateral donor after Japan and France.