ADB funds VN’s secondary education development
VGP - The Asian Development Bank (ADB) and the State Bank of Việt Nam on December 22 inked a US $71-million loan agreement to support the Secondary Education Sector Development Program (SESPD).
According to the agreement, the
ADB will offer a lending package of US $60 million, including a 24-year policy loan of
US $20 million and a project loan of US $40 million for 32 years, both with 8
years in grace. The Government of Việt
SESDP is implemented by the Ministry of Education and
Training till June 2015
Under the context
of Việt
Enrolment rate of secondary
schools has increased sharply in recent years, reaching over 90% at the junior
level. However, there has been a big gap in education quality nationwide and inequality
in access to education.
According to the ADB, the SESDP will solve
secondary education problems by updating Việt Nam’s Secondary Education Sector
Master Plan, setting up new national standards for secondary schools, upgrading
curriculum, qualifying secondary teachers, founding a national accreditation
board and a new assessment system, and expanding continuing education.
