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« Development key priority as South Africa embarks on massive infrastructure drive | Main | World Bank allocates $950 mln for poorest countries »

August 18, 2006

World Bank's IFC to double its investment in Viet Nam

Viet Nam News

HA NOI - Deputy Prime Minister Nguyen Sinh Hung asked the International Finance Corporation (IFC) yesterday to continue providing Viet Nam with assistance and technical help.

In a meeting with IFC's Executive Vice President Lars Thunell in Ha Noi, the deputy prime minister said that Viet Nam will require further assistance in sectors including finance, equitisation of State-owned enterprises and private sector loans.

Hung said that IFC's assistance over the past few years had contributed to the nation's excellent growth, and that further help would solidify Vietnamese businesses' strength.

Thunell said he had noticed an improved investment environment in Viet Nam but added there was still a lot of work to be done, and that IFC was prepared to offer its support.

Full Story...

Posted by pichu at August 18, 2006 9:49 PM