The World Bank (WB) on May 24 approved a 350 million USD loan to support Vietnam's public investment reform programme.

The purpose of the loan is to help Vietnam improve its public investment programme, which began in mid global economic crisis in 2009 and avoid adverse impacts of the crisis.

The reform programme will be implemented through boosting a 4-step investment cycle including project selection, project implementation, financial management and supervision.

The first loan, worth of 500 million USD for the programme was approved WB to Vietnam in December, 2009./.