Vietnam receives cheap loan from World Bank

by 07 November 2015 Last updated at 12:32 PM

VTV.vn - State Bank of Vietnam Governor Nguyen Van Binh met with World Bank Vice President Axel Van Trotsenburg on November 6th, in order to discuss loans of 3.5 bn USD approved aid to Vietnam.

At the meeting, the World Bank’s vice president praised the state banks’ monetary policy operations and the country’s macro-economic achievements in the recent period. Binh stated that Vietnam continued to need the support of the international community, especially the World Bank's cheap loans. The financial support would help Vietnam in dealing with many challenges, such as changing its development model, restructuring the economy and improving the nation’s competitiveness in the coming time.

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