The project includes three components: 1- Support to social assistance and poverty reduction system strengthening at national scale (US$27 million); 2- Support to the launch of a pilot consolidated cash-delivered social assistance program (US$30 million) and 3- Program Management (US$5.5 million).

The project is estimated to cost US$62.5 million, of which US$60 million come from loans of the International Development Association (IDA) and US$2.5 million are the corresponding capital.

The project will be carried out in five years by the Ministry of Labor, Invalids and Social Affairs.

Component 1 will help put in place critical elements of a strengthened management and delivery system for social assistance. 

Component 2 will support the testing of the strengthened system through a consolidated social assistance program in four provinces for three years (Ha Giang, Quang Nam, Tra Vinh, and Lam Đong). This program will replace three existing social assistance cash transfer programs. 

Component 3 will provide support for program management and capacity building.

The PM has also ratified the results of negotiations with the Asian Development Bank on the non-refundable Loan and Aid Agreements and other related documents of the Central Mekong Delta Region Connectivity Project.

He authorized the Governor of the State Bank of Viet Nam Nguyen Van Binh to sign the Loan and Aid Agreements of the project.

By Thuy Dung