WB supports Vietnam’s competitiveness, education
The State Bank of Vietnam and the World Bank (WB) signed three credit
agreements worth 400 million USD and related documents in Hanoi on May
14.
The State Bank of Vietnam and the World Bank (WB) signed three credit
agreements worth 400 million USD and related documents in Hanoi on May
14.
The agreements look to help Vietnam strengthen economic management for higher productivity, competitiveness and education reform, and raise the school readiness of five-year-old children.
The 250 million USD Economic Management and Competitiveness Credit (EMCC) for Vietnam , the first of three operations, will support the country’s reforms in seven policy fields.
They include the financial sector, fiscal policy, public administration and accountability, state-owned enterprise management, public investment management, effectiveness of the business climate, and equity and transparency of the business environment.
The second wave of credit worth 50 million USD for the Higher Education Development Policy – Third Operation will assist the Government in realising its higher education reform programme by improving administration and higher education.
Specifically, it aims to further improve the responsiveness, fiscal transparency, sustainability and effectiveness of the higher education sector as well as the quality of institutions.
The third injection of credit is for the School Readiness Promotion Project, which helps raise the school readiness of children entering primary education, in particular those least likely to succeed in a school environment.
The 100 million USD project will support selected elements of the national programme on “Universal primary education for five-year-old children 2010 – 2015” as well as improve the quality of preschool education.
All three credits, which are provided by the WB’s International Development Association (IDA), are part of the World Bank’s concessional lending windows for low income countries.-VNA
The agreements look to help Vietnam strengthen economic management for higher productivity, competitiveness and education reform, and raise the school readiness of five-year-old children.
The 250 million USD Economic Management and Competitiveness Credit (EMCC) for Vietnam , the first of three operations, will support the country’s reforms in seven policy fields.
They include the financial sector, fiscal policy, public administration and accountability, state-owned enterprise management, public investment management, effectiveness of the business climate, and equity and transparency of the business environment.
The second wave of credit worth 50 million USD for the Higher Education Development Policy – Third Operation will assist the Government in realising its higher education reform programme by improving administration and higher education.
Specifically, it aims to further improve the responsiveness, fiscal transparency, sustainability and effectiveness of the higher education sector as well as the quality of institutions.
The third injection of credit is for the School Readiness Promotion Project, which helps raise the school readiness of children entering primary education, in particular those least likely to succeed in a school environment.
The 100 million USD project will support selected elements of the national programme on “Universal primary education for five-year-old children 2010 – 2015” as well as improve the quality of preschool education.
All three credits, which are provided by the WB’s International Development Association (IDA), are part of the World Bank’s concessional lending windows for low income countries.-VNA
You should also see
Vietnam becomes biggest rice supplier for Singapore
Vietnam has for the first time surpassed India and Thailand to become the largest rice exporter to Singapore by shipping 36.15 million SGD (26.55 million USD) worth of rice in the first three months of this year, an increase of 80.46% over the same period in 2023, winning 32.03% of the market share, according to the Vietnam Trade Office in Singapore.
See more
Business
Cooling equipment market heats up
Many electronics supermarkets in Hanoi have launched summer promotion programmes, reducing prices for cooling equipment such as air conditioners and fans, as the weather in the north of Vietnam has just begun to be hot and sunny.
Business
Lam Dong strives to develop tea industry towards sustainable development
The Central Highlands province of Lam Dong aims to develop its tea industry to 2030 towards sustainable development by improving efficiency and fostering links between tea production, processing, and consumption. The province is also striving to replace aging tea plantations with high-quality tea varieties to enhance productivity.
Business
Vietnam treasures multifaceted cooperation with Côte d'Ivoire: Deputy FM
Vietnam always attaches importance to and wishes to bolster multifaceted cooperation with Côte d'Ivoire – its traditional friendship partner in Africa, Deputy Minister of Foreign Affairs Nguyen Minh Hang has said.
Videos
Foreign investment driven towards new breakthrough phase
Vietnam has so far drawn nearly 500 billion USD in registered FDI capital after nearly four decades of opening up its economy, with investment quality improvement considered a key task for a new breakthrough phase ahead.
Business
Quang Ninh attracts additional 115 million USD from Japan investors
The Quang Ninh Economic Zone Authority (QEZA) presented investment certificates to two Japanese projects worth 115 million USD in total at a conference held at Song Khoai Industrial Park (IP) on April 19.
