WB Funds Sustainable Development Projects in Vietnam

The State Bank of Vietnam (SBV) and the World Bank (WB) signed credit agreements to finance US$710 million for Vietnam to strengthen the efficiency of public investment, provide clean water for residents in the project areas and improve their adaptability to climate change. These projects will support Vietnam not only in infrastructure but also in policy issues.

 

The Urban Water Supply and Sewage Project - Phase 1 will use the WB loan of US$200 million to improve water supply systems and wastewater treatment systems. The second Public Investment Reform Programme (PIR2) Development Policy, funded US$350 million, will focus on checking the environment for infrastructure investment projects using public capital sources, project supervision and assessment, and public finance management.

 

The remaining US$160 million will be granted to the water resource management project serving the rural development of the Mekong Delta. The project aims to raise the efficiency of using water resources in the region, increase agricultural productivity and improve clean water supply for rural households.