ADB will provide $1bn financial support facility, as part of a $2.8bn investment program, to improve clean water access for 3 million families in Viet Nam’s cities.
A $30m loan from ADB’s concessional Asian Development Fund will enhance cross-border cooperation in protecting a contiguous stretch of biodiversity-rich forest in Vietnam’s Central Annamites, which spans the highlands of Quang Tri, Thua Thien-Hue and Quang Nam Provinces.
This second component of the assistance is part of a program that is also supporting the preservation of key forestlands in Cambodia and Lao People’s Democratic Republic.
The assistance package for Vietnam includes approximately $8m to improve clean water and sanitation services and upgrade market roads in the 34 ethnic minority communes in the project area.
ADB president Haruhiko Kuroda said ADB’s assistance will help ensure that more people in Vietnam have access to clean water, more livable cities, and biologically diverse forests that will be preserved for future generations.
The third component of the assistance is a $350m loan, which is the first tranche of an overall $636m ADB package.
