ADB funds US$60 million to improve climate resilience of infrastructure in Vietnam

VCN — The Asian Development Bank (ADB) has approved a US$60 million financing package to improve the climate resilience of transport and water supply infrastructure in Viet Nam’s south-central coastal provinces of Binh Dinh and Quang Nam, especially in remote upland districts with large ethnic minority communities.
Việt Nam pledges responsible contributions to climate change response Việt Nam pledges responsible contributions to climate change response
ADB signs US$5 grant agreement to support Vietnam’s women-led small and medium-sized enterprises ADB signs US$5 grant agreement to support Vietnam’s women-led small and medium-sized enterprises
Vietnam, ASEAN review climate change response activities Vietnam, ASEAN review climate change response activities
Photo: Internet
Photo: Internet

The Climate Resilient Inclusive Infrastructure for Ethnic Minorities Project I will upgrade 121.8 kilometers of roads using climate-resilient design standards, construct 115 kilometers of water supply pipelines, and help provide reliable weather and climate data in a timely, cost-effective manner. About 243,000 people, including 126,300 from ethnic minority groups, are expected to benefit from the project.

“The project aims to improve the living conditions of ethnic minority communities in remote areas of Viet Nam,” said ADB Programs Officer Hong Anh Nguyen. “It will better link remote rural production sites with markets and processing facilities for crops such as acacia and boost beneficiaries’ access to health, education and market services. The project will also expand access to safe water supply and irrigation.”

The financing package includes US$58 million in regular ADB loans and a US$2 million grant from ADB’s High-Level Technology Fund. The grant will fund the supply and installation of data systems for climate risk management. In addition, the project will include US$21.73 million in financing from the Government of Viet Nam.

Viet Nam’s economy grew 7.0% on average from 2016 to 2018, but it slowed to 2.9% in 2020 due to the coronavirus disease (COVID-19) pandemic. Significant gaps exist between the economically booming coastal communities and the interior upland areas with a high ethnic minority population. About 87% of the ethnic minority households in Binh Dinh and 55% in Quang Nam are poor or near poor, compared with the provincial poverty rates of 5.5% and 10.3%, respectively.

These areas are challenged by low-quality, fragmented transport and water resource infrastructure. Most of the ethnic minority communities are often isolated during the rainy season, cut off by flooded roads situated in hilly or mountainous terrain. Less than 60% of households within the project area have access to reliable and safe water supply. Limited access to water and poor sanitation have led to high incidence of waterborne diseases and poverty.

Viet Nam faces a high risk of disasters and climate change. The country experiences an estimated annual average loss of US$2.37 billion due to natural hazards, especially floods, with Binh Dinh and Quang Nam among the most affected areas.

By Huyen Trang

Related News

Propose a 15-30% reduction in land rents in 2024 for people affected by typhoon Yagi

Propose a 15-30% reduction in land rents in 2024 for people affected by typhoon Yagi

VCN - To support people and businesses with more resources to cope with difficulties and challenges in production and business due to the impact of typhoon No. 3 (Yagi), the Ministry of Finance proposed a 15-30% reduction in land rents in 2024.
Ho Chi Minh City Customs: Diversifying forms of support for businesses in compliance

Ho Chi Minh City Customs: Diversifying forms of support for businesses in compliance

VCN - The program received positive feedback from businesses as they enjoyed benefits such as reducing the rate of physical inspection of goods, supporting convenient customs procedures, and proactively preventing violations during import and export activities.
Businesses report Customs many issues

Businesses report Customs many issues

VCN - Although the production and import-export situation has gradually recovered in recent months, trade and import-export activities still face many risks and are difficult to predict. Therefore, all parties, including the Customs agency, need to introduce many solutions to continue accompanying businesses.
The important “puzzle piece” for green transformation

The important “puzzle piece” for green transformation

VCN - To contribute to clearing the "path" to green transformation, Mr. Nguyen Quang Vinh (photo), Vice President of the Vietnam Federation of Commerce and Industry (VCCI), Chairman of the Vietnam Business Council for Sustainable Development (VBCSD) said that the efforts of the business community will be important "pieces".

Latest News

Ho Chi Minh City partners with nine provinces to boost import and export activities

Ho Chi Minh City partners with nine provinces to boost import and export activities

VCN - Ho Chi Minh City (HCMC) and nine provinces in the northern and north-central regions are cooperating in socio-economic development, leveraging each region's advantages and potential to boost import and export activities.
Vietnam

Vietnam's second rice brand enters picky Japanese market

Japonica - AAN has become the second Vietnamese rice brand to have entered Japan, with a ceremony held on October 9 to debut the produce.
Enterprises need to be ready to respond to trade defense

Enterprises need to be ready to respond to trade defense

VCN - According to the Department of Trade Defense, through the process of protecting the rights of Vietnamese manufacturing and exporting enterprises in each trade defense case, the outcome of the appeal depends largely on the quality of coordination between the parties involved.
Foreign investors interested in green development, semiconductor industry in Vietnam

Foreign investors interested in green development, semiconductor industry in Vietnam

Green, clean development and semiconductor chip production are among the sectors in Vietnam that foreign investors are interested in, according to VinaCapital CEO and Founding Partner Don Lam.

More News

Vietnam’s stainless steel exports under dual investigation

Vietnam’s stainless steel exports under dual investigation

The US Department of Commerce (DOC) has initiated an anti-dumping and countervailing duty investigation into corrosion-resistant steel (CORE) imported from Vietnam, alongside nine other countries and territories.
F&B industry to reach 30 billion USD in 2024

F&B industry to reach 30 billion USD in 2024

The Ministry of Industry and Trade (MoIT) forecasts that the revenue of the food and beverage (F&B) industry will grow by 10.92% this year, reaching more than 720 trillion VND (29.8 billion USD).
Self-sufficiency in raw materials critical for garment, footwear

Self-sufficiency in raw materials critical for garment, footwear

Vietnam needs breakthrough solutions to upgrade the value chains of the garment and footwear industries with the focus on achieving self-sufficiency in raw materials to increase added value and develop sustainably.
To successfully export fresh coconuts to China

To successfully export fresh coconuts to China

VCN - The large demand of the Chinese market not only exposes a "golden” opportunity to the Vietnamese coconut industry, but also poses potential risks for businesses if there is no systematic investment in raw material areas as well as strict control over the cultivation, harvesting, and processing processes...
Standardising fruit quality can open up new markets for Vietnam: Insiders

Standardising fruit quality can open up new markets for Vietnam: Insiders

There is plenty of room for Vietnamese fruit and vegetables to enter more stringent markets such as the US, Australia, and the EU by focusing on high-quality fruit, accurate origin certificates, and food safety standards, according to insiders.
Five amended laws to untie investment knots

Five amended laws to untie investment knots

VCN - According to Tran Quoc Phuong, Deputy Minister of Planning and Investment, numerous provisions within the draft Law on Public Investment (amended) and the Law amending and supplementing a number of articles of the Law on Planning, the Law on Investment, the Law on Public-Private Partnership Investment, and the Law on Bidding, will effectively remove practical obstacles and unleash resources for growth upon enactment.
Ho Chi Minh City: Determined to become the leading logistics center in the region

Ho Chi Minh City: Determined to become the leading logistics center in the region

VCN - Promoting the potential of the largest city in the country, Ho Chi Minh City has a plan to develop the logistics industry, aiming to improve the capacity of seaports and become the leading logistics center in the region.
Vietnam's rice export turnover up 23.5% in nine months

Vietnam's rice export turnover up 23.5% in nine months

Vietnam exported over 7 million tonnes of rice worth 4.37 billion USD in the first three quarters of 2024, up 9.2% in volume and 23.5% in value compared to the same period last year, the Ministry of Agriculture and Rural Development (MARD) has reported.
Responding to trade competition, businesses are forced to innovate technology

Responding to trade competition, businesses are forced to innovate technology

VCN - According to the Global Innovation Index (GII) 2024 Report published by the World Intellectual Property Organization (WIPO) a few days ago, Vietnam ranked 44th out of 133 countries, up from 46th in 2023 - continuing to improve its position since 2013.
Read More

Your care

Latest Most read
Ho Chi Minh City partners with nine provinces to boost import and export activities

Ho Chi Minh City partners with nine provinces to boost import and export activities

VCN - Specific cooperation programs, from promoting local products in HCMC to projects on human resource training and digital transformation, have yielded practical outcomes. Nearly 10 regional coordination activities have been implemented with the partic
Vietnam

Vietnam's second rice brand enters picky Japanese market

Japonica - AAN has become the second Vietnamese rice brand to have entered Japan, with a ceremony held on October 9 to debut the produce.
Enterprises need to be ready to respond to trade defense

Enterprises need to be ready to respond to trade defense

VCN - According to the Department of Trade Defense, through the process of protecting the rights of Vietnamese manufacturing and exporting enterprises in each trade defense case, the outcome of the appeal depends largely on the quality of coordination bet
Foreign investors interested in green development, semiconductor industry in Vietnam

Foreign investors interested in green development, semiconductor industry in Vietnam

Green, clean development and semiconductor chip production are among the sectors in Vietnam that foreign investors are interested in, according to VinaCapital CEO and Founding Partner Don Lam.
Vietnam’s stainless steel exports under dual investigation

Vietnam’s stainless steel exports under dual investigation

The US Department of Commerce (DOC) has initiated an anti-dumping and countervailing duty investigation into corrosion-resistant steel (CORE) imported from Vietnam, alongside nine other countries and territories.
Mobile Version