1. What We Do

Vietnam Poverty Reduction Support Credit 8

Abstract*

The Eighth Poverty Reduction Support Credit (PRSC 8) Program for Vietnam is designed to assist the government to implement its Socio-Economic Development Plan (SEDP) 2006-2010.' It aims to support all four pillars of the SEDP, namely, fostering business development, ensuring social inclusion, managing natural resources, and strengthening governance. The credit is the third in a programmatic series of five annual single-tranche operations (PRSCs 6-10)...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The present operation provides further support to Vietnam#s reform program. The current cycle of PRSCs is a vehicle for IDA, and the international partner community more broadly, to support a country that has undergone macroeconomic instability and is suffering from the effects of the global financial crisis. This support is all the more important as it helps finance the government#s fiscal stimulus package to counter the adverse effects of the global crisis and limit the depth of growth slow down, so that the poverty-reduction reforms can stay on track. The government has a strong track record of economic growth and poverty reduction. The proposed operation comprises policy actions in areas such as state-owned enterprise reform, financial sector reform, the social sectors, climate change, public administration and legal development. This comprehensive program, with the same broad coverage as the SEDP 2006-2010, provides the foundation for sustained growth, social inclusion, environmental sustainability and improved governance. The preparation of the proposed operation, like previous operations in this cycle, helped improve the content of strategically important policy actions, to ensure the timeliness of their adoption, and to monitor the impact of the overall progress toward development outcomes.

Key Details

Project Details

  • P111164

  • Closed

  • Keiko Kubota

  • N/A

  • Viet Nam

  • April 20, 2009

  • (as of board presentation)

    June 25, 2009

  • October 5, 2009

  • US$ 350.00 million

  • N/A

  • N/A

  • June 30, 2010

  • BANK APPROVED

  • P105287

  • January 15, 2013

  • Notes

Sectors

Created with Highstock 5.0.14FY17 - Other PublicAdministrationFY17 - Other Public AdministrationFY17 - Other EducationFY17 - Banking InstitutionsFY17 - Social ProtectionFY17 - Other Industry, Trade andServicesFY17 - Other Industry, Trade and Services

Themes

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 350.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 350.00
IBRD + IDA Commitment 350.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 350.00

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of March 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Dec 15, 2018 IDA-46100 Int Charges 38,252.34
Dec 15, 2018 IDA-46100 Int Charges 1,178,016.90
Dec 15, 2018 IDA-46100 Int Charges 1,178,016.90
Jun 15, 2019 IDA-46100 Int Charges 16,634.52
Jun 15, 2019 IDA-46100 Int Charges 16,634.52
Jun 15, 2019 IDA-46100 Int Charges 1,203,462.50
Jun 15, 2019 IDA-46100 Int Charges 1,203,462.50
Dec 15, 2017 IDA-46100 Int Charges 1,247,200.90
Dec 15, 2017 IDA-46100 Int Charges 1,247,200.90
Dec 15, 2017 IDA-46100 Int Charges 21,304.02
Dec 15, 2017 IDA-46100 Int Charges 21,304.02
Jun 15, 2018 IDA-46100 Int Charges 636.91
Jun 15, 2018 IDA-46100 Int Charges 636.91
Jun 15, 2018 IDA-46100 Int Charges 1,243,909.20
Jun 15, 2018 IDA-46100 Int Charges 1,243,909.20
Dec 15, 2016 IDA-46100 Int Charges 1,181,686.00
Dec 15, 2016 IDA-46100 Int Charges 1,181,686.00
Dec 15, 2016 IDA-46100 Int Charges 521.01
Dec 15, 2016 IDA-46100 Int Charges 521.01
Jun 15, 2017 IDA-46100 Int Charges 34,289.65
Jun 15, 2017 IDA-46100 Int Charges 34,289.65
Jun 15, 2017 IDA-46100 Int Charges 1,163,986.80
Jun 15, 2017 IDA-46100 Int Charges 1,163,986.80
Dec 15, 2015 IDA-46100 Int Charges 1,229,358.00
Dec 15, 2015 IDA-46100 Int Charges 1,229,358.00
Dec 15, 2015 IDA-46100 Int Charges 27,827.76
Dec 15, 2015 IDA-46100 Int Charges 27,827.76
Jun 15, 2016 IDA-46100 Int Charges 21,728.34
Jun 15, 2016 IDA-46100 Int Charges 21,728.34
Jun 15, 2016 IDA-46100 Int Charges 1,218,002.00
Jun 15, 2016 IDA-46100 Int Charges 1,218,002.00
Jun 15, 2014 IDA-46100 Int Charges 1,357,856.60
Jun 15, 2014 IDA-46100 Int Charges 7,009.33
Jun 15, 2014 IDA-46100 Int Charges 7,009.33
Jun 15, 2024 IDA-46100 Int Charges 166,249.10
Jun 15, 2024 IDA-46100 Int Charges 166,249.10
Jun 15, 2024 IDA-46100 Loan Repay 6,198,084.50
Jun 25, 2009 IDA-46100 Loan Commitment 350,000,000.00
Dec 15, 2023 IDA-46100 Loan Repay 114,228.76
Jun 15, 2015 IDA-46100 Int Charges 20,241.88
Jun 15, 2015 IDA-46100 Int Charges 20,241.88
Jun 15, 2015 IDA-46100 Int Charges 1,190,400.10
Jun 15, 2015 IDA-46100 Int Charges 1,190,400.10
Dec 15, 2013 IDA-46100 Int Charges 1,349,399.50
Dec 15, 2013 IDA-46100 Int Charges 1,349,399.50
Dec 15, 2013 IDA-46100 Int Charges 15,304.25
Dec 15, 2013 IDA-46100 Int Charges 15,304.25
Dec 15, 2014 IDA-46100 Int Charges 7,553.43
Dec 15, 2014 IDA-46100 Int Charges 7,553.43
Dec 15, 2014 IDA-46100 Int Charges 1,281,392.50
Dec 15, 2014 IDA-46100 Int Charges 1,281,392.50
Jun 15, 2014 IDA-46100 Int Charges 1,357,856.60
Dec 15, 2019 IDA-46100 Loan Repay 3,249,047.00
Dec 15, 2019 IDA-46100 Int Charges 1,177,561.10
Dec 15, 2019 IDA-46100 Int Charges 1,177,561.10
Dec 15, 2019 IDA-46100 Loan Repay 6,332.78
Dec 15, 2018 IDA-46100 Int Charges 38,252.34
Dec 15, 2023 IDA-46100 Loan Repay 6,192,847.50
Dec 15, 2023 IDA-46100 Int Charges 871,495.00
Dec 15, 2023 IDA-46100 Int Charges 871,495.00
Jun 15, 2024 IDA-46100 Int Charges 992,455.25
Jun 15, 2024 IDA-46100 Int Charges 992,455.25
Dec 15, 2022 IDA-46100 Loan Repay 6,068,796.50
Dec 15, 2022 IDA-46100 Int Charges 780,328.94
Dec 15, 2022 IDA-46100 Int Charges 780,328.94
Dec 15, 2022 IDA-46100 Loan Repay 191,333.90
Jun 15, 2023 IDA-46100 Int Charges 300,403.38
Jun 15, 2023 IDA-46100 Int Charges 300,403.38
Jun 15, 2023 IDA-46100 Loan Repay 6,278,099.50
Jun 15, 2023 IDA-46100 Int Charges 1,059,429.20
Jun 15, 2023 IDA-46100 Int Charges 1,059,429.20
Jun 15, 2022 IDA-46100 Loan Repay 85,516.15
Jun 15, 2022 IDA-46100 Loan Repay 6,179,365.00
Jun 15, 2022 IDA-46100 Int Charges 1,104,185.40
Jun 15, 2022 IDA-46100 Int Charges 1,104,185.40
Dec 15, 2021 IDA-46100 Int Charges 33,512.14
Dec 15, 2021 IDA-46100 Int Charges 33,512.14
Dec 15, 2021 IDA-46100 Int Charges 1,182,478.40
Dec 15, 2021 IDA-46100 Int Charges 1,182,478.40
Dec 15, 2021 IDA-46100 Loan Repay 6,569,324.00
Jun 15, 2021 IDA-46100 Int Charges 85,971.80
Jun 15, 2021 IDA-46100 Int Charges 85,971.80
Jun 15, 2021 IDA-46100 Loan Repay 3,384,927.80
Jun 15, 2021 IDA-46100 Int Charges 1,196,732.40
Jun 15, 2021 IDA-46100 Int Charges 1,196,732.40
Jun 15, 2020 IDA-46100 Loan Repay 3,244,231.20
Jun 15, 2020 IDA-46100 Int Charges 43,058.29
Jun 15, 2020 IDA-46100 Int Charges 43,058.29
Jun 15, 2020 IDA-46100 Int Charges 1,162,934.40
Jun 15, 2020 IDA-46100 Int Charges 1,162,934.40
Dec 15, 2020 IDA-46100 Int Charges 43,249.89
Dec 15, 2020 IDA-46100 Int Charges 43,249.89
Dec 15, 2020 IDA-46100 Loan Repay 3,382,129.00
Dec 15, 2020 IDA-46100 Int Charges 1,157,031.60
Dec 15, 2020 IDA-46100 Int Charges 1,157,031.60
Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Program Management Satisfactory 2009-09-03
Progress towards achievement of PDO Satisfactory 2009-09-03
Monitoring and Evaluation Satisfactory 2009-09-03

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 12-17-2012
OutcomesModerately Satisfactory
Risk to Development OutcomeModest
Bank PerformanceSubstantial
Borrower PerformanceModerately Satisfactory
Government PerformanceModerately Satisfactory
Implementing AgencyModerately Satisfactory

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 06-30-2015PROJECT PERFORMANCE ASSESSMENT REPORT: 10-22-2013
Outcome RatingModerately Satisfactory Satisfactory
Risk To Development OutcomeModerateModerate
Bank PerformanceModerately SatisfactorySatisfactory
Borrower PerformanceModerately SatisfactoryModerately Satisfactory
Government PerformanceModerately Satisfactory
Implementing AgencyModerately SatisfactoryModerately Satisfactory
Icr QualitySatisfactory
M&e QualityModestModest

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Pillar I. Business Development. Global Integration.Export orientationValueMerchandise exports as a proportion of GDP: 61%73.5%65%
    DateDecember 31, 2005December 31, 2008December 31, 2011
    Comment
  • Pillar I. Business Development. Global Integration.International alignment of standardsValueProportion of technical product standards in line 34%35%
    DateDecember 31, 2005December 31, 2008December 31, 2011
    Comment
  • Pillar I. Business Development. Global Integration.Client satisfaction with customsValueProportion of importers and exporters claiming theMid-term figures not available55%
    DateDecember 31, 2005December 31, 2008December 31, 2013
    Comment
  • Pillar I. Business Development. State Sector Reform.Number of SOEsValueNumber of enterprises with 100 percent state owner1546500
    DateDecember 31, 2006December 31, 2008December 31, 2011
    Comment
  • Pillar I. Business Development. State Sector Reform.State capital in SOEs transferred to SCICValueFraction of state capital in SOEs transferred to SRequested50%
    DateDecember 31, 2007December 31, 2008December 31, 2011
    Comment
  • Pillar I. Business Development. State Sector Reform.SOEs with poor performanceValuePercentage of SOEs classified in the bottom #C# tiRequested8%
    DateDecember 31, 2005December 31, 2008December 31, 2011
    Comment
  • Pillar I. Business Development. Financial Sector Reform.Quality of loan portfolioValueRequired provisioning for possible non performance2.8%<5%
    DateDecember 31, 2005September 30, 2008December 31, 2011
    Comment
  • Pillar I. Business Development. Financial Sector Reform.Stock market capitalizationValueRatio of stock market capital to GDP: 22.8%19%30%
    DateDecember 31, 2006December 31, 2008December 31, 2011
    Comment
  • Pillar I. Business Development. Financial Sector Reform.Share of strategic investors# ownership in SOCBsValueTotal equity held by strategic, non-government sha0%20%
    DateDecember 31, 2005December 31, 2008December 31, 2011
    Comment
  • Pillar I. Business Development. Private Sector Development.Employment in private enterprisesValueNumber of paid employees in non-state enterprises,4.8 million7 million
    DateDecember 31, 2005December 31, 2006December 31, 2011
    Comment
  • Pillar I. Business Development. Private Sector Development.Private enterprises away from the growth centersValueNumber of registered private enterprises in operat37.4 thousand70 thousand
    DateDecember 31, 2005December 31, 2007December 31, 2011
    Comment
  • Pillar I. Business Development. Private Sector Development.Private domestic investmentValueAs a proportion of total investment: 30%41.3%35.3%
    DateDecember 31, 2005December 31, 2008December 31, 2011
    Comment
  • Pillar I. Business Development. Infrastructure.Enterprises# satisfaction with infrastructureValueProportion of enterprises citing infrastructure asWaiting for Enterprise Survey 20085%
    DateDecember 31, 2006December 31, 2008December 31, 2011
    Comment
  • Pillar I. Business Development. Infrastructure.Poor communes with basic infrastructureValueFraction of 1,700 poorest communes in Program 135-Schools 80%, Clinics 98%, Electricity 85%Schools 100%, Clinics 100%, Electricity 80%
    DateDecember 31, 2005December 31, 2008December 31, 2011
    Comment
  • Pillar I. Business Development. Infrastructure.People living in urban slumsValueFraction of the population living in houses not meWaiting for VHLSS 200810%
    DateDecember 31, 2005December 31, 2008December 31, 2011
    Comment
  • Pillar II: Social Inclusion. Education.Children with disabilities attending schoolValueProportion of children with a functional disabilit63.1% (2007-8 school year)65% by 2015 70% by 2020
    DateDecember 31, 2006December 31, 2008December 31, 2020
    Comment
  • Pillar II: Social Inclusion. Education.Learning outcomes in primary schoolValueProportion of Grade 5 students below functional re9.7%10%
    DateDecember 31, 2001December 31, 2007December 31, 2020
    Comment
  • Pillar II: Social Inclusion. Education.Universities meeting international quality standardsValueProportion of universities that has been independe15% (20/140 universities)100%
    DateDecember 31, 2005December 31, 2007December 31, 2011
    Comment
  • Pillar II: Social Inclusion. Health.Child malnutrition rateValueProportion of children stunted (low height for ageStunting 32.6% (new metric), Underweight 19.9%Stunting <25%Underweight <20%
    DateDecember 31, 2005December 31, 2008December 31, 2011
    Comment
  • Pillar II: Social Inclusion. Health.Poor people with free health insuranceValueProportion of people below the new national povert49% (Kinh/ Chinese) and 78% (ethnic minorities)(2100%
    DateDecember 31, 2004December 31, 2006December 31, 2011
    Comment
  • Pillar II: Social Inclusion. Health.Use of modern health care facilities by the poorValueAverage annualized contacts with hospitals for the0.180.30
    DateDecember 31, 2004December 31, 2006December 31, 2011
    Comment
  • Pillar II: Social Inclusion. Social Protection.Poverty among the population at largeValueProportion of people below the new Vietnam poverty16 percent (2006) Waiting for VHLSS 200810%
    DateDecember 31, 2004December 31, 2006December 31, 2011
    Comment
  • Pillar II: Social Inclusion. Social Protection.Poverty among ethnic minoritiesValueProportion of ethnic minorities below the new Viet52 percent (2006)Waiting for VHLSS 200840%
    DateDecember 31, 2004December 31, 2006December 31, 2011
    Comment
  • Pillar II: Social Inclusion. Social Protection.Contributors towards old-age pensionsValueIncludes both the compulsory and the voluntary sch20%30%
    DateDecember 31, 2006December 31, 2008December 31, 2011
    Comment
  • Pillar II: Social Inclusion. Gender.Leadership positions held by womenValueProportion of female delegates at the National Ass25.8 percent (2007)33 percent of candidates were To be determined
    DateDecember 31, 2006December 31, 2007December 31, 2011
    Comment
  • Pillar II: Social Inclusion. Gender.Asset ownership among womenValueProportion of land use certificates held in the naWaiting for VHLSS 200845%
    DateDecember 31, 2004December 31, 2008December 31, 2011
    Comment
  • Pillar II: Social Inclusion. Gender.Wage employment among womenValuePercentage of wage employment in all jobs held by 22 percent (2007) - GSO LES data Waiting for VHLS25%
    DateDecember 31, 2004December 31, 2007December 31, 2011
    Comment
  • Pillar III: Natural Resources. Land and Forests.Client satisfaction with urban land administration officesValuePercentage of users highly satisfied with the serv25 percent (2007)Waiting for VHLSS 200830%
    DateDecember 31, 2004December 31, 2007December 31, 2011
    Comment
  • Pillar III: Natural Resources. Land and Forests.Forest land allocated to local communitiesValueProportion of forest land allocated to local peoplAll of Vietnam: 21%Central Highlands: 3%All of Vietnam: 30%Central Highlands: 15%
    DateDecember 31, 2005December 31, 2008December 31, 2011
    Comment
  • Pillar III: Natural Resources. Land and Forests.Forest qualityValueProportion of land area under forest with a closed3.8%10%
    DateDecember 31, 2005December 31, 2008December 31, 2011
    Comment
  • Pillar III: Natural Resources. Water.Population with access to improved or clean waterValueIncludes urban and rural population. Includes allUrban: 83%Rural: 52%Urban: 95%Rural: 75%
    DateDecember 31, 2004December 31, 2006December 31, 2011
    Comment
  • Pillar III: Natural Resources. Water.Population with hygienic sanitationValuePopulation with access to properly designed and in38% (2006)Waiting for VHLSS 200875%
    DateDecember 31, 2004December 31, 2006December 31, 2011
    Comment
  • Pillar III: Natural Resources. Water.River basins with inter-provincial managementValueNumber of river basins with inter-provincial water44
    DateDecember 31, 2006December 31, 2008December 31, 2008
    Comment
  • Pillar III: Natural Resources. Environment.Quality of surface waterValueQuality of surface water in key areas as measured Work in progressTo be determined
    DateDecember 31, 2008December 31, 2008December 31, 2011
    Comment
  • Pillar III: Natural Resources. Environment.Quality of airValueQuality of air in key areas as measured by MONRE/ Work in progressTo be determined
    DateDecember 31, 2008December 31, 2008December 31, 2011
    Comment
  • Pillar III: Natural Resources. Environment.Protection of bio-diverse wetlandsValueNumber of wetlands of international importance (2627
    DateDecember 31, 2006December 31, 2008December 31, 2011
    Comment
  • Pillar IV: Modern governance. Planning Processes.Provincial screening of public investmentValueNumber of provinces that have issued guidelines foNone30
    DateDecember 31, 2006December 31, 2008December 31, 2011
    Comment
  • Pillar IV: Modern governance. Planning Processes.Adoption of integrated regional planningValueNumber of regions with a cross-sectoral master plaNone2
    DateDecember 31, 2006December 31, 2008December 31, 2011
    Comment
  • Pillar IV: Modern governance. Planning Processes.Provinces adopting modern planning principlesValueProportion of provinces using a participatory appr10 (2007)Update requested30
    DateDecember 31, 2006December 31, 2007December 31, 2011
    Comment
  • Pillar IV: Modern governance. Public Financial Management.Extent of unreported public expenditureValueProportion of public expenditure that is off-budgeWork in progressTo be determined
    DateDecember 31, 2008December 31, 2008December 31, 2011
    Comment
  • Pillar IV: Modern governance. Public Financial Management.Public agencies with internal auditing functionsValueNumber of sector ministries and provinces that havNone4
    DateDecember 31, 2006December 31, 2008December 31, 2011
    Comment
  • Pillar IV: Modern governance. Public Financial Management.Public debt and public guaranteesValueRatio of public debt to GDP, inclusive of publicly44%55%
    DateDecember 31, 2006December 31, 2008December 31, 2011
    Comment
  • Pillar IV: Modern governance. Legal Development.Consultation in the law-making processValuePercentage of draft laws and ordinances posted in 100% of laws and 87.5% of ordinances100%
    DateDecember 31, 2006December 31, 2008December 31, 2011
    Comment
  • Pillar IV: Modern governance. Legal Development.Number of civil society organizations legally registeredValueNumber of civil society organizations registered u400 national and 6000 provincial700 national and 5000 provincial
    DateDecember 31, 2006December 31, 2008December 31, 2011
    Comment
  • Pillar IV: Modern governance. Legal Development.Fraction of civil judgments enforcedValueNumber of civil judgments enforced in percentage o51%50%
    DateDecember 31, 2006December 31, 2008December 31, 2011
    Comment
  • Pillar IV: Modern governance. Public administration reform. Provinces with e-government interfacesValuePercentage of provinces with an online guidance an80% and 13%100% and 30%
    DateDecember 31, 2006December 31, 2008December 31, 2011
    Comment
  • Pillar IV: Modern governance. Public administration reform. User satisfaction with government servicesValuePercentage of users highly satisfied with governmeWaiting for VHLSS50%
    DateDecember 31, 2004December 31, 2008December 31, 2011
    Comment
  • Pillar IV: Modern governance. Public administration reform. Provincial departments with one stop shop modelValueProportion of provincial departments that have ad73% (2007)Update requested80%
    DateDecember 31, 2006December 31, 2007December 31, 2011
    Comment
  • Pillar IV: Modern governance. Fighting Corruption.Households having suffered from corruptionValueFraction of households who say they pay bribes wheWaiting for VHLSS35%
    DateDecember 31, 2005December 31, 2008December 31, 2011
    Comment
  • Pillar IV: Modern governance. Fighting Corruption.Enterprises having suffered from corruptionValueFraction of enterprises who say they pay bribes whWaiting for Enterprise Survey 200845%
    DateDecember 31, 2006December 31, 2008December 31, 2011
    Comment
  • Pillar IV: Modern governance. Fighting Corruption.Proportion of entrepreneurs that see corruption as a binding constraint to businessValueProportion of entrepreneurs that see corruption isWaiting for Enterprise Survey 20085%
    DateDecember 31, 2006December 31, 2008December 31, 2011
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • NoneValueNoneNoneNone
    DateDecember 31, 2008December 31, 2008December 31, 2011
    Comment