Lung Cu district in Ha Giang province (Source: VNA) Hanoi (VNA) – The Board of Directors of the AsiaDevelopment Bank (ADB) has approved a 150 million USD loan to improve economicconnectivity and living standards in four northeastern provinces of Vietnam viaupgrading basic infrastructure and services.
The project will benefit over 212,000 people in Bac Kan, CaoBang, Ha Giang and Lang Son provinces.
ADB Country Director in Vietnam Eric Sidgwick expressed his beliefthat the project will help develop the four provinces, especially in trade,agriculture and tourism.
The targeted province are expected to become trade hubs thanks to proximity toChina, Hanoi, Hai Phong port and the ADB-supported Greater Mekong Subregion North-SouthEconomic Corridor.
However, the gross domestic product per capita hits only1,160 USD, nearly half of the country’s average 2,036 USD.
The project will clear barriers via developing basicinfrastructure in the key fields of trade, transport, health care andagriculture while improving road connectivity by upgrading around 121km ofprovincial roads and 144km of district roads, supplying water to 42,300 ruralpeople and improving infrastructure in agricultural value chain in Lang Son.
At the same time, it will also enhance capacity ofprovincial authorities, especially in public asset management.
The total cost of the project is estimated at 195.9million USD, 45.9 million USD of which was from the Vietnamese government. Itis scheduled for completion by the first quarter of 2023.-VNA
The project will benefit over 212,000 people in Bac Kan, CaoBang, Ha Giang and Lang Son provinces.
ADB Country Director in Vietnam Eric Sidgwick expressed his beliefthat the project will help develop the four provinces, especially in trade,agriculture and tourism.
The targeted province are expected to become trade hubs thanks to proximity toChina, Hanoi, Hai Phong port and the ADB-supported Greater Mekong Subregion North-SouthEconomic Corridor.
However, the gross domestic product per capita hits only1,160 USD, nearly half of the country’s average 2,036 USD.
The project will clear barriers via developing basicinfrastructure in the key fields of trade, transport, health care andagriculture while improving road connectivity by upgrading around 121km ofprovincial roads and 144km of district roads, supplying water to 42,300 ruralpeople and improving infrastructure in agricultural value chain in Lang Son.
At the same time, it will also enhance capacity ofprovincial authorities, especially in public asset management.
The total cost of the project is estimated at 195.9million USD, 45.9 million USD of which was from the Vietnamese government. Itis scheduled for completion by the first quarter of 2023.-VNA
VNA
