Middle-income Vietnam set to lose preferential WB loans

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.