WB aids poverty alleviation programme for ethnic groups

The Board of Executive Directors of the World Bank (WB) on June 29 has approved a preferential credit package worth US$153 million for Vietnam’s national programme on poverty reduction and rural development.

The package seeks to improve rural infrastructure, generate jobs, as well as increase planning and service capacity for ethnic people. 

It will be launched in 18 provinces of 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, aiming to enhance institutional reform and efficient implementation of the national programme.

Ousmane Dione, Country Director of the WB in Vietnam, said Vietnam has reaped many achievements in poverty alleviation. However, most people living in mountainous and rural areas remain poor.

The WB will continue its cooperation with Vietnam for comprehensive growth by providing support for vulnerable groups, raising productivity of agricultural sector and creating more job opportunities, he added.

The package is in line with the new Country Partnership Strategy framework for Vietnam in 2017-2022. Along with other prioritised development goals, it will support the growth of rural businesses and investment activities for rural manufacturers, especially for ethnic people.

VNA

Other News

Hanoi ready to implement Capital Law 2026, unlocking new development momentum

Hanoi ready to implement Capital Law 2026, unlocking new development momentum

The effectiveness of the Capital Law 2026 will be measured not by the number of legal documents issued but by tangible improvements in governance and public administration, better services for people and businesses, faster administrative procedures, stronger investment attraction and higher economic growth.

Vietnamese students earn honours at ROBOG Asia Cup 2026

Vietnamese students earn honours at ROBOG Asia Cup 2026

Three teams from Chu Van An Secondary School in Vietnam’s Thai Nguyen province have earned First Prize honours and advanced to the quarterfinals at the ROBOG Asia Cup 2026, a regional robotics and artificial intelligence (AI) competition for students held in Hong Kong, China.

Hanoi sets out new investment blueprint with century-long development vision

Hanoi sets out new investment blueprint with century-long development vision

As of early June, Hanoi had attracted 74.6 billion USD in foreign direct investment (FDI) through more than 9,250 valid projects. FDI inflows in the first six months were projected at 3.2 billion USD, surpassing the annual target by 116%, while nearly 16,000 new businesses were established in the first five months, up 34.4% year-on-year.

Vietnam promotes legal cooperation and rule of law at global forum

Vietnam promotes legal cooperation and rule of law at global forum

Vietnam’s development and international integration have gone hand in hand with the improvement of its legal system, the incorporation of international commitments into domestic legislation, and legal reforms aimed at fostering development, openness and global integration. The country regards international law as an essential instrument for building fair, mutually beneficial relations among nations.

Hanoi to hold investment promotion event on June 29

Hanoi to hold investment promotion event on June 29

At the event, Hanoi authorities plan to grant investment policy decisions and investment registration certificates to 20 exemplary projects in the fields of transportation infrastructure, industrial parks, urban development, social housing, environment, science and technology, and foreign investment attraction.

Hanoi's Red River urban area development draws widespread attention

Hanoi's Red River urban area development draws widespread attention

Located south of the Red River and extending from the historic inner city to newly developing areas in the south and the west, the central urban area along Red River’s right bank covers approximately 45,317 hectares and is projected to accommodate around 6.365 million residents by 2045 and 6.455 million by 2065.

Hanoi's Red River urban area development draws widespread attention

Hanoi's Red River urban area development draws widespread attention

Located south of the Red River and extending from the historic inner city to newly developing areas in the south and the west, the central urban area along Red River’s right bank covers approximately 45,317 hectares and is projected to accommodate around 6.365 million residents by 2045 and 6.455 million by 2065.

Regional cooperation strengthened to combat cross-border drug crime

Regional cooperation strengthened to combat cross-border drug crime

Vietnam, China, Laos and Myanmar face common challenges as drug syndicates increasingly exploit the Mekong River, cross-border transport networks, e-commerce platforms, international logistics services, cyberspace and cryptocurrencies to organise drug transactions and smuggling operations.