The World Bank (WB) has approved a credit worth 200 million USD for the third Rural Finance Project (RFP) at a conference held on June 23 in Hanoi.
The event was held by the WB, the State Bank of Vietnam and the Bank of Investment and Development of Vietnam (BIDV) to review the implementation of the second RFP with the BIDV as the main server of this project.
In the second Rural Finance Project, WB funded about 235 million USD through 25 financial institutions to lend poor people in the rural areas of 60 cities and provinces across the country.
The Loan Credit Agreement, which was signed on September 9, 2002, has sponsored over 440,000 loans, creating more than 250,000 jobs in 60 provinces across the country over the last six years.
The general objective of this project is to assist Vietnam in economic development, hunger elimination and poverty reduction in rural areas through strengthening banking capacity and improving the poor’s access to financial services./.
The event was held by the WB, the State Bank of Vietnam and the Bank of Investment and Development of Vietnam (BIDV) to review the implementation of the second RFP with the BIDV as the main server of this project.
In the second Rural Finance Project, WB funded about 235 million USD through 25 financial institutions to lend poor people in the rural areas of 60 cities and provinces across the country.
The Loan Credit Agreement, which was signed on September 9, 2002, has sponsored over 440,000 loans, creating more than 250,000 jobs in 60 provinces across the country over the last six years.
The general objective of this project is to assist Vietnam in economic development, hunger elimination and poverty reduction in rural areas through strengthening banking capacity and improving the poor’s access to financial services./.
