The signing ceremony on May 14
The first package, Economic Management and Competitiveness Credit for Vietnam, worth USD250 million will support reforms in seven sectors in Vietnam over the next three years.
The sectors to include financial sector, fiscal policy, public administration and accountability, state enterprise management, public investment management, efficiency of business, and equity and transparency in the business environment.
The funding will help monitor macroeconomic policies that support the government’s efforts to stabilise the national economy.
The second credit, worth USD50 million, is expected to support the implementation of the government’s higher education reform programme.
The funding would support efforts to improve the responsiveness of higher education and research; enhance fiscal transparency, sustainability and efficiency of higher education; and improve the quality of higher education institutions.
The third project, the School Readiness Promotion Project, aims to accelerate school readiness for children entering primary education, especially for those who are the most vulnerable to not succeeding in a school environment.
It will support selected elements of Vietnam's national programme “Universal Early Childhood Education for Five-year- old Children” for the 2010-2015 period with funding of USD100 million.