Australia, World Bank aid Vietnam with AUD5 million

15:00 | 01/07/2020 Cooperation

The World Bank and the Government of Australia recently agreed to provide Vietnam with additional aid worth AUD5 million to help the country in restoring its economy and assisting people affected by the Covid-19 pandemic.

According to Australian Ambassador to Vietnam Robyn Mudie, Vietnam can be proud of its achievements in controlling the Covid-19 pandemic. The coming challenge is to translate the medical success into a positive impact on economic development. This aid program will provide international standard economic policy advice and analysis for Vietnamese leaders and policymakers to help the country accelerate economic recovery, giving priority to gender equality and social welfare.

australia world bank aid vietnam with aud5 million
Ousmane Dione, Country Director for the World Bank in Vietnam (right) and Australian Ambassador to Vietnam Robyn Mudie

The Vietnamese government has effectively controlled the Covid-19 pandemic inside Vietnam, as reflected in low numbers of infections and no recorded deaths. However, the pandemic has significantly affected Vietnam's ability to resist external shocks.

This additional funding will help protect and support vulnerable groups through social security improvement.

Thanh Tam