The State Bank of Viet Nam (SBV) and the World Bank (WB) on Tuesday 14 May in Ha Noi signed three credit agreements, worth a total of US$400 million, to help Viet Nam improve the economic management reforms, implement the Higher Education Reform Agenda, and raise school readiness for five-year-old children.

Of the total loan, US$50 million is for the Higher Education Development Policy Operation 3 supports the implementation of the government"s higher education reform program with policies designed to strengthen governance, financing and quality of higher education. Specifically, it supports efforts to: (i) improve the responsiveness of higher education and research; (ii) enhance fiscal transparency, sustainability and effectiveness of the higher education sector; and (iii) improve the quality of Higher Education institutions. This is the third credit in this series of operations. Reports Talk Vietnam