The Asian Development Bank will help Vietnam improve its irrigation infrastructure and expand the availability of quality health care services to children, women and ethnic minorities.
ADB signed an agreement with the State Bank of Vietnam to provide USD160 million in loans and USD11 million in grant, funded by Australia, to support projects in the country’s water and health sectors, Saigon GP Daily reports.
The grant and a USD60 million loan will be used for a program that supports the implementation of reforms designed to improve health service delivery in the country. The program includes establishing licensing and registration systems for all health personnel and training ethnic minority health workers.
ADB will provide a second loan, worth USD100 million, to finance a project aimed at rehabilitating irrigation systems in northern Vietnam. The project also covers the construction of a new campus for the Water Resources University. The French Development Agency, or AFD, is also supporting the project with a loan of 20 million euros (USD25.5 million).
Meanwhile, South Korea has pledged to help tackle transport, environment, trade and other development issues in the Greater Mekong Subregion.
South Korea announced this commitment during the Mekong Development Forum held recently in Seoul. The forum, which was organized by ADB and South Korea’s Ministry of Strategy and Finance, was attended by officials from South Korea and ministers from six countries in the subregion.