The Ministry of Finance has signed with the KfW-German Development Bank loans worth €140 million for electricity and health projects in the country.
Of the sum, €120 million will be used for building and upgrading the 110kV grid, reducing the loss of electricity, improving the quality of electricity and safety and providing services at reasonable prices for customers in rural areas.
The remaining €20 million from the international development institution will be spent on medical equipments for some hospitals in the provinces of Thanh Hoa, Phu Yen, and Yen Bai as well as improving the waste management works in these provinces and Thai Binh and Nghe An provinces and Ha Noi.
The German Government is the third largest bilateral sponsor of Viet Nam after Japan and France./.