This is according to the Ministry of Planning and Investment. Since 1994, Vietnam has received concessional preferential loans from the International Development Association (IDA), a lending arm of the World Bank that issues very low or zero interest loans to poor countries.
Now that Vietnam has become a middle-income country, it will no longer be eligible for such credit at the end of financial year 2017. The Ministry of Planning and Investment has identified 19 World Bank-funded projects that will need to find new sources of finance once the loans stop in just a couple of years.
