World Bank facilitates Vietnam’s land administration reform with US$150 million credit

Wednesday, 2016-07-06 16:23:24
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NDO - The World Bank has approved a credit worth US$150 million for a project to improve Vietnam’s land governance and database as the country seeks to reform its land administration services.

The project will develop a national multi-purpose land information system and make a national land database available to both the government and the public, the bank said in a statement on its website.

The project is designed with an emphasis on building sustainable databases that are accurate, user-friendly, and accessible.

It is expected to 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 of land information and land services.

Achim Fock, the World Bank’s Acting Country Director for Vietnam, said Vietnam’s regulatory framework governing land administration is relatively advanced compared with other lower middle-income countries.

But he added that significant challenges remain, in particular the implementation on the ground.

As such, the World Bank wants to support the central and local governments, as well as all land users, with better access to land information and land services.

The project is financed by the International Development Association - the World Bank Group’s concessional lending arm for low-income countries.