The new funding is part of the eighth Poverty Reduction Support Credit (PRSC8), an annual program begun in 2001 in which the World Bank and international donors provide direct budget support to help Vietnam’s progress in four areas: business development, social inclusion, natural resources management and modern governance.

Since 2001, the World Bank has provided $1.3 billion and mobilized $817 million from other donors for Vietnam.

Reported by Huong Le