|Raising rabbits of New Zealand variety helps a farmer in Hà Tĩnh Province earn some VNĐ1 billion (US$47,000) a year. Việt Nam’s success in reducing poverty is remarkable, a World Bank official said. — VNA/VNS Photo Vũ Sinh|
WASHINGTON — The World Bank’s Board of Executive Directors approved on Thursday US$153 million in concessional financing to support Việt Nam’s National Target Programmes (NTPs) for rural development and reducing poverty, which are central to the government’s strategy to raise rural incomes and productivity.
The financing will support the NTP’s efforts to improve rural infrastructure and expand work opportunities, while also building capacity to plan and deliver services, particularly to ethnic minorities, according to a press release published on Thursday.
“Việt Nam’s success in reducing poverty is remarkable. But communities in mountainous regions and rural areas remain vulnerable to poverty,” says Ousmane Dione, World Bank Country Director for Việt Nam.
“The World Bank is committed to partnering with Việt Nam in achieving more inclusive growth across the country, by targeting assistance for vulnerable groups and helping the agriculture sector to improve productivity and create more jobs.”