World Bank Lends Vietnam $127M to Improve Primary Education

The World Bank (WB) has lent Vietnam $127 million to help the country improve primary education system in the 2010-2015 period, state media reported Dec 9.  An agreement and legal documents related to the project have been signed by Governor Nguyen Van Giau of the State Bank of Vietnam and a WB official, the Ha Noi Moi newspaper reported Dec. 9. The funding aims to support the national primary education reform program totaling $181.4 million, improve the academic records and increase the rate of students finishing school, especially among disadvantaged children. The World Bank loan has a term of 40 years, including a ten-year grace period. The Ministry of Education and Training and the Ministry of Finance Dec 8 announced a circular on implementation of the project.