July 25, 2016 / 10:51 AM / 2 years ago

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

HANOI (Reuters) - 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.

Reporting by Mai Nguyen; Editing by Richard Borsuk

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below