World Bank Bolsters Vietnam Stimulus Plan

Some $350 million in World Bank financing will be made available to scale up Vietnam's budget this year. The sum will help the Vietnamese government deal with the adverse impacts of the financial crisis as well as back its economic stimulus measures,

cited a World Bank statement as saying. "We will be working closely with the government on the reforms needed, as well as the financing needs for the future to grasp the opportunities to rise out of the crisis, and are willing to expand the support if needed," Victoria Kwakwa, the bank's country director for Vietnam, said in a statement.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.