ADB to finance poverty reduction program

The Government has approved the outcomes of negotiations on a credit agreement for the Poverty Reduction Program V (Program Cluster) – Subprogram 3 between Việt Nam and the Asian Development Bank.

PM Nguyễn Tấn Dũng has assigned Governor of State Bank of Việt Nam Nguyễn Văn Bình to sign the agreement with ADB.

The State Bank of Việt Nam will be responsible for coordinating with relevant agencies to prepare for the signing ceremony.

Earlier, the Government chief agreed with the State Bank of Việt Nam’s proposal to launch negotiation with the ADB for the program.

SBV

>   Counterfeit polymer banknotes tend to decrease (30/11/2011)

>   Handling with weak banks, slashing interest rates, when? (30/11/2011)

>   Banks, developers laud looser credit policy (30/11/2011)

>   Tight monetary policies control inflation (30/11/2011)

>   Vietnam imposes tough fines on violators of monetary rules  (29/11/2011)

>   Vietnam watches international markets to ‘timely’ adjust rates  (29/11/2011)

>   Vietnam central bank says to review deposit rate cap (29/11/2011)

>   Vietnam wants 15 large lenders by 2015, Central bank says (25/11/2011)

>   Vietnam bonds fall most in a month before auction; Dong steady (24/11/2011)

>   Investors feel discouraged because they have nowhere to inject money in (24/11/2011)