(VOV) - The World Bank (WB) on May 24 approved a US$350 million loan to support Vietnam's public investment reform programme.
The loan aims to help Vietnam improve its public investment programme launched in 2009 and avoid the adverse impact of the global economic crisis.
The reform programme will be implemented through boosting a 4-step investment cycle including project selection, project implementation, financial management and supervision.
The first loan, worth of US$500 million for the programme was approved WB to Vietnam in December, 2009.