Samson: World Bank signs $2.2m project to strengthen Việt Nam’s banking sector
2nd October, 2019
The World Bank (WB) and the State Bank of Việt Nam (SBV) on Tuesday signed a financing agreement for a grant worth US$2.2 million to implement a project aimed at strengthening the soundness and resilience of Việt Nam’s banking sector.
Sponsored by the Swiss Government, the grand is designed to improve SBV’s capacity in removing bottlenecks in the banking system.
Under the agreement, the WB will provide technical assistance to launch reforms set in the Restructuring Plan of the Financial System 2016-20 and the Development Strategy of Việt Nam Banking Sector to 2025. At the ceremony, WB Country Director for Việt Nam Ousmane Dione said a sound banking system is of great significance to the sustainable economic development of a country.Read More