ADB helps improve Vietnam’s finance

The Asian Development Bank (ADB) has approved a 100 million USD loan to help Vietnam boost long-term economic growth and tackle rising income inequality.

The loan supports several government reforms to strengthen and broaden the outreach of Vietnam's finance sector. These include improvements in the legal and regulatory systems to resolve non-performing loans and restructure weak credit institutions, and allow for the creation of an advantageous environment for the money market and government bond market, as well as policy measures to introduce a market-based approach to financial inclusion via microfinance and financial technology.

Source: VOV5