The State Bank of Vietnam (SBV) recently assigned the Vietnam Commercial and Industrial Bank (VietinBank) to provide a loan worth US$75 million for the project of "improving and modernising the land management system of Vietnam" under the finance agreement signed on June between SBV and the World Bank (WB).
The project will be carried out from now to June 2013 in nine provinces including Tien Giang, Ben Tre, Vinh Long, Khanh Hoa, Binh Dinh, Quang Ngai, Thai Binh, Hung Yen and Ha Tay.
The project aims to build a system of registering and managing documents, granting certificate of land use right, bettering administrative procedures in land management and improving the publicity and clearance on land management.
In the related news, in the middle of last month, the prime minister approved the Ministry of Natural Resources and Environment to receive a 600,000 euro in technical un-refundable support from the French agency FASEP to make a feasible study on "improving and modernising the land management system in three big cities namely Hanoi, Da Nang and HCM City".
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