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The
Dầu Giây–Phan Thiết expressway project uses WB loan |
On April 14, the WB announced the results released by its
Independent Evaluation Group (IEG), praising Việt Nam’s impressive development
achievements in the past years. In 2009, Việt Nam changed into a medium-income
country from a poor one.
Water
supply services and hygiene conveniences have been expanded. 95% of the
population has accessed to the national power grid, and 90% used road networks
in all weather conditions. Living conditions of and healthcare services for
people in mountainous areas have been improved.
Thirty
for WB-financed development projects have been completed and all other WB-involved
projects have advanced significantly. The bank’s assistance programs focus on
improving business environment, strengthening natural resource and environment
management, enhancing the Government’s administration capacity, and stepping up
social security.
The
WB stressed that Việt Nam’s economy still faces many challenges such as
stronger pressure on natural resources, adverse impacts of climate change and
larger population groups vulnerable to natural disasters.
Therefore,
institutional reforms should ensure the realization of development targets,
including poverty reduction, suggested the Bank
By
Ngọc Vân
