The World Bank plans to offer up to $3-3.5 billion in zero-interest loans to Vietnam from next year through 2012 after it received positive assessments of the efficiency of WB-funded projects in the country.
We are making a commitment of about $3 billion to $3.5 billion in the next three years. The money is there. It's up to the government to propose a list of projects, said Nguyen Hong Ngan, spokesman from World Bank in Hanoi.
The funds could be used in almost all sectors, he added.
Vietnam's Prime Minster Nguyen Tan Dung said the World Bank's support had contributed greatly to the socio-economic achievements Vietnam has recorded over the past few years.
The Vietnamese government is always held responsible for capital sources provided by the World Bank, he said.
This is important, not only for good relations with the WB but also for a responsibility to the Vietnamese people and future generations in the country, he added
The Prime Minster also stressed that the Government of Vietnam will step up coordination with the WB to draw up projects, focusing on transport infrastructure, energy, human resources development and healthcare services.
From 2010 to 2012, World Bank plans to continue extending funding and support to Vietnam with a total money amount of $3-3.5 billion for public work and energy investments, she revealed.