WB to provide 315 million USD for Vietnam’s agriculture, education

(VOVworld) - The World Bank (WB)’s Board of Directors have approved two credit packages worth a combined 315 million USD to assist Vietnam’s agricultural restructuring and general education reform, according to the WB in Vietnam.

WB to provide 315 million USD for Vietnam’s agriculture, education - ảnh 1

The project supports Government efforts to reform the agriculture sector, especially in the two important sub-sectors of rice and coffee, said Chris Jackson, the World Bank’s Lead Rural Development Specialist and team leader for the project. He said Vietnam is now a major global exporter of rice and coffee, yet the preoccupation with volume targets has resulted in the extensive use of unsustainable practices and high-volume but low-value exports. Sustained agricultural growth would require structural changes in the pattern of production and organisation of the supply chain to benefit small-holder rice and coffee farmers, which is the main goal of the project.

A second credit package of 77 million USD will finance the renovation of a general education project to raise students learning outcomes by providing assistance to help update and implement a new competency-based curriculum for primary, lower-secondary and upper-secondary students. The project will also improve the assessment system and effectiveness of instruction by creating and disseminating textbooks in line with the revised curriculum.