Prime Minister Nguyen Tan Dung has signed decision No 1898/Q?-TTg which asks the Vietnam Development Bank (VDB) to lend nearly VND54 trillion for national socio-economic development in 2010.

Of this total, nearly half is investment credit capital, VND26.4 trillion, with the remaining funds designated for re-lending ODA capital is VND10 trillion and average outstanding loan balance for export credit is VND15 trillion.

The VDB said that investment and export credits should prioritize the government’s key projects and programs, social welfare and agricultural projects, and support exports of major commodities.

In 2010, VDB strives to increase total loans for supporting exports by 30-50% against the plan set by the PM and to have nearly VND20 trillion of average outstanding loan balance. Moreover, the bank is expected to achieve VND15 trillion of guaranteed turnover in 2010