The World Bank (WB) will provide a 40-year soft loan of 33.6 million SDR (50 million USD) for Vietnam to implement the first phase of the Higher Education Development Policy Programme (HEDPP).

The programme’s objective is to support the implementation of a government project to modernise the higher education sector to meet the demand for high-quality human resources serving the national industrialisation and modernisation as well as the international economic integration.

On November 3, Prime Minister Nguyen Tan Dung proposed that the State President consider approving the Sponsorship Agreement for the HEDPP.

The Sponsorship Agreement and relevant legal documents of the programme were signed earlier by State Bank of Vietnam Governor Nguyen Van Giau and WB representatives./.