The financing will support the NTP’s efforts to improve rural infrastructure and expand work opportunities, while also building capacity to plan and deliver services, particularly to ethnic minorities, according to a press release.
“Việt Nam’s success in reducing poverty is remarkable. But communities in mountainous regions and rural areas remain vulnerable to poverty,” says Ousmane Dione, World Bank Country Director for Việt Nam.
“The World Bank is committed to partnering with Vietnam in achieving 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 operation will be implemented in 18 provinces that take part in the NTPs, with a view to developing and consolidating institutional reforms and more effective ways of doing business.
The new financing is aligned with the new World Bank Group’s Country Partnership Framework for Việt Nam, which supports the development of rural enterprise and value chain investments for producers in the countryside.
The 18 targeted provinces that will benefit from this programme include 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, Dac Lac, Soc Trang, Tra Vinh.
Source: VNS