WB okays US$270 mil for Vietnam’s electricity industry improvement

The World Bank (WB) July 2 approved two credit packages worth US$270 million for Vietnam, aiming to help the country improve its electricity industry and enhance capacity to cope with climate change.

Of these, US$200 million will be used to support the 3rd reformed electricity policy. It includes the operation of a competitive production electricity market thus promoting a transparent pricing electricity system.

The US$ 70-million credit package will help Vietnamese government strengthen its climate change resistance and low carbon growth.

By Ham Yen - Translated by Uyen Phuong

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