World Bank loans Vietnam $322m

Fri, 09 Jul 2004 | Source: AFP

HANOI: Vietnam and the World Bank signed two credit agreements on Thursday worth US$322 million to fund projects aimed at increasing economic growth and reducing poverty in the communist nation.

The first soft loan, totaling US$100 million, is part of a general poverty reduction program, while the other, worth $222 million, will be used to improve living conditions for urban poor in four cities. -- AFP

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