ADB Approves Extra US$100M for Vietnam to Boost Economic Growth

The Asian Development Bank (ADB) has approved a US$100 million loan for Vietnam to boost economic growth and curb poverty amid the global economic downturn.

 

To overcome adverse impacts of the crisis and cope with challenges of poverty reduction, Vietnam needs to press ahead with policy reforms that foster socially inclusive and environmentally sustainable economic growth, Bahodir Ganiev, Country Economist for ADB’s Vietnam Resident Mission said.

 

This is ADB’s sixth loan for Vietnam, which will support a wide range of policy reforms in areas of business development, social affairs, natural resource management and government, the Vietnam News Agency quoted the ADB official as saying. (VNA)