ADB to extend $150m loan to Vietnam for rural development

The Asian Development Bank (ADB) has approved a $150 million loan to support development in four of Vietnam’s northeastern provinces – Bac Kan, Cao Bang, Ha Giang, and Lang Son.

[…]The provinces of Bac Kan, Cao Bang, Ha Giang, and Lang Son have significant potential to become trade hubs due to their strategic location, at the nexus of China, the capital Hanoi, the Hai Phong port, and the ADB-supported Greater Mekong Subregion North-South Economic Corridor, the bank noted in its statement.

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Antonia Timmerman