The funding will support a State primary school reform programme to open classes for the same students all day every week-day in an effort to improve the academic records of primary school children and increase the rate of those finishing school, especially among disadvantaged children. 

The WB loan has a term of 40 years, including a 10-year grace period, that offers interest rate of zero percent, service charge of 0.75 percent and commitment charges of at most 0.5 percent a year. 

The agreement and legal documents related to the project have already been signed by the State Bank of Vietnam Governor Nguyen Van Giau and a WB representative.