WB offers aid for higher education, urban development in Vietnam

On June 30, the World Bank’s (WB) board of executive directors approved the financing of two projects —to help build a climate-resilient city in the Mekong Delta and improve the quality of Vietnam’s three national universities—at US$422 million.

The Vietnam University Development Project, financed through credit worth US$295 million, will improve teaching and research capacity at the Vietnam National University-Hanoi, the Vietnam National University-HCMC and the University of Danang, the WB said in a statement.

Through investments in modern infrastructure, cutting-edge equipment and knowledge transfer, it will help transform the universities into regionally competitive institutions with advanced teaching and research capabilities.

Meanwhile, the Vinh Long City Urban Development and Enhanced Climate Resilience Project in Vinh Long Province, financed through credit worth US$127 million, will improve access to infrastructure and connectivity and reduce the risk of floods in Vinh Long City’s urban core.

Keep reading

Gia Phong