The World Bank in Vietnam is part of a larger group of development organizations referred to as the World Bank Group.

The World Bank Group is made up of five different bodies: The International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID). Of these five entities, IDA and the IFC are active partners in Vietnam’s development.

The World Bank provides credits to Vietnam through IDA. Being a low- income country, Vietnam is eligible for interest-free loans with a ten-year grace period, a forty-year repayment period, and a less than one percent administration fee.

In addition, the World Bank Group provides assistance to Vietnam from its private sector arm – the IFC. The IFC assists with the development of the private sector in Vietnam through project finance, by mobilizing finance in international financial markets, and through technical assistance to businesses and the Government.

Vietnam also benefits from the presence of the Mekong Project Development Facility (MPDF), which, in 1996 was founded to assist Vietnam with the development of the domestic private sector. The Mekong Facility has three core programs: investment evaluation and promotion, capacity building, and financial support from the IFC’s Mekong Financing Line. The MPDF receives support from a multi-donor group and is managed by the IFC.

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IFC in Vietnam

MIGA in Vietnam

Mekong Project Development Facility