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Vietnam gets loans from World Bank to aid competitiveness, green growth

Jul 26th at 10:44
26-07-2016 10:44:14+07:00

Vietnam gets loans from World Bank to aid competitiveness, green growth

The World Bank and Vietnam on Monday signed agreements under which the country will get $371 million in loans and grants to support its economic competitiveness, green growth and water management.

 

The bank, Switzerland and Canada will give a combined $162 million loan and grant mixture to boost Vietnam's financial sector stability, reform state-owned enterprises and improve the business environment, the bank said in a statement.

Separately, Vietnam will borrow $90 million from the World Bank to support its climate change and green growth policy actions and $119 million for urban water supply and wastewater treatment project, the statement said.

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