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  Poverty Alleviation

ADB continues to help Vietnam reduce poverty

The Asian Development Bank (ADB) will continue to focus on three strategic pillars of promoting sustainable growth, social development, and good governance to cut poverty in Vietnam, according to ADB’s Country Strategy and Programme (CSP) update for 2006-2008 endorsed by its Board of Directors.

Planned assistance over the 2006-2008 period exceeds US$200mil per year from the bank's Asian Development Fund (ADF), a loan and grant facility for the ADB’s poorest member countries. Final amounts will be determined by technical assistance (TA) projects underway to prepare investment projects, according to a news release from the ADB's Vietnam resident mission.

Projects in the pipeline include loans in the agricultural sector to develop forests for livelihood improvement and central region water resources; health and education projects, including HIV/AIDS prevention among youths, teacher development, and secondary education expansion; and industry and trade projects, including small and medium-sized enterprise development and financial development.

In the transport sector, a $300mil loan is tentatively scheduled for the Metro Rail project for Ho Chi Minh City in 2008, while energy projects include Song Bung 4 hydropower development. Multisector projects will promote poverty reduction, livelihood improvements, and rural infrastructure development.

The ADB’s technical assistance pipeline will support the lending programme’s main areas of priority, with about $4.7mil/per year planned in grants for 2006 - 2008.

From 1992 to the end of 2004, the ADB provided loans to 49 public sectors in Vietnam totaling $2.94bil and 162 TAs totaling $108mil. 

VIETNAMNET - (29/09/2005)

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