The State Bank of Vietnam and the World Bank signed a credit agreement in Hanoi yesterday ( Feb 22 ) to support the implementation of Vietnam’s National Target Programme (NTP) for Rural Water Supply and Sanitation.
Aiming to implement the National Target Program on safe water supply and sanitation, the loan will enable the supply of safe water for 1.7 million people and improvement of sanitation for 650,000 others in rural areas in 8 provinces of the Red River Delta.
The WB’s Country Director for Vietnam Victoria Kwakwa said improved sanitation condition and access to safe water will bring important benefits to people.
In the framework of the strategic partnership with the WB, the Australian Agency for International Development (AusAID) pledged an 8 million AUD technical assistance for the programme.
The program will also further the local authorities’ state management and supervising competence in the field, added Kwakwa.
The credit will be channeled by the International Development Association (IDA) of the WB.
Access to sustainable water supply and sanitation services in rural areas of Vietnam is low, and water quality is a problem in the Red River Delta region. Improved sanitation and better access to safe water brings important health benefits as well.
In addition, the Program will support the strengthening of institutional systems and improve sector planning, monitoring and evaluation in participating provinces. For the first time, the State Audit of Vietnam will carry out independent verification of Program results.