ADB Activity in Vietnam

Asian Development Bank President Haruhiko Kuroda and State Bank of Vietnam Governor Nguyen Van Giau signed a 1.38 billion financial assistance package for clean water access, preservation of the nation's forests, and ease of urban congestion. Photo by: ADB / CC BY-NC



The Asian Development Bank is working with Vietnam and Australia on various water and clean energy initiatives.

ADB and the State Bank of Vietnam signed May 5 a financial assistance package amounting to $1.38 billion for clean water access, preservation of the nation’s forests, and ease of urban congestion.

State Bank of Vietnam Governor Nguyen Van Giau and ADB President Haruhiko Kuroda signed the agreement. Vietnamese Prime Minister Nguyen Tan Dung witnessed the signing.

“ADB’s assistance will help ensure that more people in Viet Nam have access to clean water, more livable cities, and biologically diverse forests that will be preserved for future generations,” Kuroda was quoted as saying in an ADB press release.

The Manila-based lender is also set to receive an untied grant of 21.58 million Australian dollars ($23.1 million) from the Australian government for ADB-administered trust funds focused on water investments and clean energy initiatives in Asia.

Read more development aid news.

Tags: Asian Development Bank, ADB, State Bank Vietnam, Vietnam, Haruhiko Kuroda, Nguyen Tan Dung, Australia, water, clean energy

(Source:Dev EX)