SOEs gain access to ADB loan for reforms

Monday, Jan 06, 2014 15:26

ADB will help three State-owned enterprises restructure operation. — Photo

HA NOI (Biz Hub) — Three Vietnamese State-owned enterprises (SOEs) will be selected for the SoE Reform and Corporate Governance Facilitation Programme - Project 3, funded by the Asian Development Bank.

The loan will be guaranteed by the Government, according to the Ministry of Finance.

The SOEs will be effectively and comprehensively restructured in line with a financial and corporate restructuring itinerary.

The programme runs from December 2009 to December 2015, with a total value of US$630 million: $600 million from Ordinary Capital Resources and $30 million from the Asian Development Fund. — VNS

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