The State Bank of Vietnam and the World Bank have signed four credit agreements totaling US$507 million to support Vietnam’s priorities in sustainable agriculture, poverty reduction, and a bus rapid transit system.
The signing took place in Washington DC, on the occasion of the first official visit of General Secretary Nguyen Phu Trong to the United States.
The financing covers four projects:
– the Sustainable Agriculture Transformation Project (US$238 million);
– additional financing for the ongoing Livestock Competitiveness and Food Safety Project (US$ 45 million); – additional financing for the Second Northern Mountains Poverty Reduction Project (US$100 million); and
– the Ho Chi Minh City Green Transport Development Project (US$124 million).
