ADB finances 60 million USD to improve climate resilience of infrastructure in Vietnam
(VOVWORLD) - The Asian Development Bank (ADB) has approved a 60-million-USD financing package to improve the climate resilience of transport and water supply infrastructure in Vietnam’s south-central coastal provinces of Binh Dinh and Quang Nam, especially in remote upland districts where ethnic minority communities are located.
 70 communes in Quang Nam province are resided by ethnic minority people. (Photo: hanoimoi.com.vn) |
The financing package includes 58 million USD in regular ADB loans and a 2-million-USD grant from ADB’s High-Level Technology Fund.
The project aims to improve the living conditions of ethnic minority communities in remote areas of Vietnam. It will better link remote rural production sites with markets and processing facilities for crops such as acacia. The project will expand beneficiaries’ access to health, education, market services, safe water supply, and irrigation. About 243,000 people, including 126,300 from ethnic minority groups, are expected to benefit from the project.
Vietnam is among the most vulnerable countries to climate change. It is estimated that Vietnam losses 2.37 billion USD to disasters, particularly flooding which is most devastating in Binh Dinh and Quang Nam province.