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Ko Jae Seung, the director of the Vietnam – Republic of Korea Friendship Village
project (right), hands over the non-refundable aid provided by the RoK
to local leaders for the implementation of the project. (Photo: VNA)
Funded by the Korean Cultural Centre, the project has a total investment of 1.3
billion VND (56,407 USD).
Located in Ma Lam village, Phuoc Tan commune, the project will comprise 21
houses, 36 sqm each, with a porch and an indoor toilet.
Speaking at the ground-breaking ceremony, Ko Jae Seung, the project’s director,
said the friendship village is funded by the RoK’s non-refundable aid. Each
house will cost about 63 million VND, of which 53 million VND will come from the
aid while the remainder will be sourced from soft loans provided the Vietnam
Bank for Social Policies and financial assistance from local authorities.
The project is the first funded by the Korean Cultural Centre in Bac Ai and Ninh
Thuan.
Once completed, the project will not only accommodate poor people in the area
but also promote Vietnamese and Korean cultures in the province.
Source: VNA
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