Photo: Duc Anh
$150 million credit approved on July 6 for the Vietnam improved land governance and database project.
The World Bank’s Board of Executive Directors approved a $150 million credit for the Vietnam improved land governance and database project on July 6.
The project will develop a national multi-purpose land information system (MPLIS) and make a National land database available to both the government and the public.
“Over the past 20 years reforms in the land sector have gained momentum and Vietnam’s regulatory framework governing land administration is now relatively advanced compared with other lower middle-income countries,” said Mr. Achim Fock, the World Bank’s Acting Country Director for Vietnam.
He added that significant challenges remain, in particular implementation on the ground. “Therefore, we want to support the central and local governments as well as all land users with better access to land information and land services,” he said.
The project is designed with an emphasis on building sustainable databases that are accurate, user-friendly, and accessible through a gradual approach to developing land information systems and land databases.
The project will also help the government simplify procedures and business processes for land registration offices operating at sub-national levels, provide better quality land services, and increase public awareness about land information and land services.
The credit comes from the International Development Association (IDA), the World Bank Group’s concessional lending source for low-income countries.