ADB to Fund Vietnam Water Projects

Asian Development Bank (ADB) is to give $45m to Vietnam to finance a drinking water project in the central region of the country.

The project will supply water and improve sanitation in six provinces of Vietnam, benefiting 350,000 people across the parched central region.

The area is prone to natural disasters and suffers from sparse saline water sources.

The project will run until 2017 with a total investment of $50m, out of which ADB will provide $45m in credits with the remaining to be contributed by Vietnam, according to vovnews.com.