HANOI, May 23 (Reuters) - The World Bank said it has approved concessional loans worth $502 million to help Vietnam develop infrastructure.

The loans from the International Development Association, the World Bank's lending arm, will go to upgrading infrastructure in the central city of Danang, improving rural electricity networks and providing credit to rural-based private firms, the statement seen on Friday said.

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Posted by boyang at May 23, 2008 4:17 PM