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Loan to Support the Implementation of the Poverty Reduction Program II
Viet Nam
The program loan aims to help Viet Nam reduce poverty and sustain high-level economic growth, as envisaged in the Comprehensive Poverty Reduction and Growth Strategy (CPRGS). It will benefit Vietnamese people and businesses in three fronts:
- first, through policy actions addressing transition to a market economy, the benefits include increased efficiency, rapid economic growth, and job creation;
- second, through policy actions addressing social inclusion and environmental sustainability, the benefits include improved quality of education (especially in poor areas), availability of medicines at affordable prices, secured asset ownership through the implementation of the new Land Law, and more sustainable management of forests and improved environmental quality; and
- third, through policy actions addressing modern governance, the benefits are increased transparency and accountability of public finances, and improved legal transparency and accessibility
The Summary Poverty Reduction and Social Strategy and Summary Poverty Impact Assessment of the Program concludes that the activities will have no adverse impacts on indigenous people. It indicates that overall, a positive impact is expected on ethnic minorities, given the Government's commitment to advance the wellbeing of this group, public awareness, and incorporation
of needs and interests of ethnic minorities in plans and programs through their active involvement. The new land legislation and land transfer to ethnic people is likely to have a positive impact. Grassroots democracy is being more strongly implemented in terms of increased participation by ethnic people, and training and leadership for ethnic people. Other programs in the education and health sector address ethnic issues to ensure they have access to social services.
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