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Vietnam : WORLD BANK to lend $660 MILLION to VIETNAM
Publish Date : 26-Mar-2012
The World Bank said it had approved loans worth US$522 million (S$660 million) to help Vietnam develop its infrastructure and energy sector, as well as conserve its forests, the international lender said.
International donors in December pledged US$7.4 billion in official development assistance to Vietnam for 2012, a drop of 6.5 per cent from pledges for 2011 of US$7.9 billion.
US$292 million of the latest credit would go towards improving roads, drainage, canals, water supply and other services in six southern cities in the Mekong Delta, the World Bank said in the statement released in Washington dated March 22.
Another US$200 million would be used for supporting Vietnam in developing a competitive power market, restructuring in the power sector and improving energy efficiency, said the statement posted on the bank\'s web site.
