The programme is central to the Vietnamese government’s strategy for raising rural income and productivity.
The funding will support Vietnam’s efforts to improve rural infrastructure and expand job opportunities while also building national capacity to plan and deliver services, particularly for members of ethnic minorities.
Vietnam’s success in reducing poverty has been remarkable but communities in mountainous regions and rural areas still remain vulnerable, said World Bank Country Director for Vietnam Ousmane Dione in a statement on June 29.
He added that the bank is committed to working with Vietnam to achieve more inclusive growth across the country by targeting assistance for vulnerable groups and helping the agriculture sector to improve productivity and create more jobs.
The new financing is fully aligned with the World Bank’s new Country Partnership Framework for Vietnam, which supports, among other priorities, the development of rural enterprises and value chain investments for producers in the countryside, particularly those from ethnic minorities.
The programme will benefit 18 provinces including Cao Bang, Ha Giang, Lao Cai, Bac Kan, Dien Bien, Lai Chau, Ha Tinh, Quang Binh, Quang Tri, Thua Thien-Hue, Quang Ngai, Ninh Thuan, Binh Thuan, Binh Dinh, Kon Tum, Dak Lak, Soc Trang and Tra Vinh.
Source: Nhandan Online