World Bank grants $35 million to Vietnam AIDS plan

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The World Bank signed an agreement with Vietnam on Thursday to provide a grant worth $35 million to help the country combat the HIV/AIDS epidemic.

Le Duc Thuy, governor of Vietnam’s central bank, said before the signing that HIV infections in the country were closely linked to its poverty. The non-refundable grant would be used to help halt the spread of the virus.

Last year the United States picked Vietnam and 14 other countries in Africa and the Caribbean for a $15 billion global AIDS initiative. With its rapid infection rate, Vietnam would receive an initial $10 million, U.S. officials said.

Vietnam, with a population of 82 million, reported last month that it now had 94,000 HIV/AIDS cases, a rise of 16 percent from the end of 2004.

The new grant is the biggest to Vietnam by the World Bank, one of Hanoi’s biggest donors. 

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