With a charter capital of VND500 billion (US$23.5 million), the State-run credit institution is tasked with receiving investment from the State budget as well as from individuals and organisations from Vietnam and abroad, and using it for the upgrade of local socioeconomic facilities.
The fund is also authorised to invest directly in projects and provide enterprises with start-up capital and financial consultancy services.
Vice Chairman Ho Van Nien of the provincial People’s Committee said the fund is expected to work as an efficient tool to attract investment to local infrastructure projects, especially those implemented under the Public-Private Partnership model.
At the launching ceremony, representatives of the fund and its partners signed capital mobilisation contracts.
