World Bank continues concessional loans for Vietnam

by VTV408 November 2015 Last updated at 12:46 PM

VTV.vn - World Bank East Asia and Pacific Regional Vice President Axel van Trotsenberg met with Nguyen Van Binh, the Governor of the State Bank of Vietnam, on November 8th.

The meeting centred around the 3.5 billion USD concessional loan promised to Vietnam by the World Bank.  Of this, 1.4 billion USD has been disbursed to support Vietnam in its economic development. The other 2.1 billion will be given in the near future.

In the next 5 years, the Vietnamese economy will be facing a number of challenges, including growth, the economic restructuring process, and enhancing its competitiveness. Financial support from the international community, and especially from the WB, will assist Vietnam in achieving stable socioeconomic development and avoiding the middle-income trap.

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