Tag: WB

WB, ADB to lend $110 mln to Vietnam

The World Bank (WB) and the Asian Development Bank (ADB) will offer a combined credit of US$110.3 million to help Vietnam improve its agriculture, reduce poverty and rebuild rural infrastructure damaged by typhoons. According to an agreement signed in Hanoi Tuesday, the WB will loan $59.8 million to help Vietnam improve its agricultural competitiveness.The... Read more

WB: Regional development plans must benefit all

VietNamNet Bridge - Vietnam must implement comprehensive regional development plans in order to support the regions’ competitive advantages and make the best use of their natural resources, said an official from the World Bank (WB). WB’s Acting Director in Vietnam Martin Rama at the ceremony to announce the 2009 World Development Report in Hanoi,... Read more

WB, central bank sign $200 million rural finance pact

Vietnamese farmers will have better access to credit under an agreement that the World Bank and the State Bank of Vietnam signed Friday in Hanoi. Under the agreement, US$200 million will be taken from the International Development Association (the World Bank’s concessional lending arm) for the Vietnam Third Rural Finance Project.A World Bank statement... Read more

WB provides 200 million USD for rural development

VietNamNet Bridge – The World Bank (WB) will provide a 200 million USD loan to Vietnam to help it carry out the Rural Finance Project 3, which has been designed to develop the country’s rural economy. The Governor of the State Bank of Vietnam (SBV) Nguyen Van Giau and WB’s Acting Country Director in Vietnam Martin Rama signed a loan agreement... Read more

WB helps develop northern waterways

VietNamNet Bridge – The World Bank (WB) will provide 170 million USD for Vietnam to implement a project to develop waterway transport in the Northern Delta.  Vietnam has over 5,600 ports and wharfs, with 91 percent of them being involved in the handling of goods.Under an agreement signed by representatives from the WB and the State Bank of Vietnam... Read more

WB assists Vietnam to expand rural electricity network

VietNamNet Bridge – The World Bank (WB) will provide a credit worth 150 million USD to help Vietnam expand its rural electricity network. WB will provide a credit worth US$150mil to help Vietnam expand its rural electricity network. The project is significant as it contributes to poverty reduction in rural areas.An agreement to this effect was signed by... Read more

WB to loan Vietnam $150 million for rural power

The World Bank will give Vietnam credit of up to US$150 million to support its rural electricity network expansion under an agreement signed in Hanoi Tuesday. According to the agreement, signed by representatives of the State Bank of Vietnam and the World Bank, the money will be used to improve and standardize medium... Read more

Vietnam must brace for financial ‘tsunami’: WB agency

Employees of a leather factory in the northern province of Hung Yen hope that the factory’s wheels will keep spinning once the global downturn hits home Vietnam has handled its domestic economic woes well but must now brace for the “tsunami” of financial turmoil that originated in the US, the International Finance... Read more

WB pledges $60 million to agriculture in Vietnam

The World Bank approved nearly US$60 million in loans towards Vietnam’s efforts to improve agricultural competitiveness, the global lender said in a press release Thursday. The money, which comes from the International Development Association (IDA), the World Bank’s concessionary lending arm for low... Read more