ADB approves US$2.5 million grant to support Vietnam's disaster response

VCN - The Asian Development Bank (ADB) has approved a US$2.5 million grant to assist the Government of Viet Nam in providing emergency and humanitarian services to residents affected by the recent floods inthe country’s central region.
Reserving tens of billions of goods to supply people in flooded areas Reserving tens of billions of goods to supply people in flooded areas
ADB, Phu Yen JSC sign Vietnam’s first certified green loan for 257 MW solar power project ADB, Phu Yen JSC sign Vietnam’s first certified green loan for 257 MW solar power project
General Department of State Reserve: Expecting to complete importation of 190,000 tonnes of rice under the directives of Prime Minister on August 15 General Department of State Reserve: Expecting to complete importation of 190,000 tonnes of rice under the directives of Prime Minister on August 15
4131-tyi-xuyng
Photo: Internet

“We commend the Government of Viet Nam for their quick emergency response to the disaster,” said ADB Country Director for Viet Nam Andrew Jeffries. “ADB’s grant will augment the wider government response to deliver immediate, life-saving assistance to people who need it the most, especially people who were already experiencing adverse economic impacts due to the coronavirus disease (COVID-19) pandemic.”

The grant is funded by the Asia Pacific Disaster Response Fund, which was designed to provide support to ADB’s developing members affected by major natural disasters.

Since 6 October, the central region of Viet Nam has experienced prolonged and heavy rains, storm surge, and strong winds, leading to severe flooding and landslides. As of 29 October, 214 people have been killed or reported missing, according to the Viet Nam Disaster Management Authority.

About 7.7 million Vietnameselive in the areas damaged by the flooding. That includes 1.5 million people in 9 central provinces who were directly affected and about380,000 houses have been damaged or destroyed.

ADB has been working withother development partners to support the government’s disaster relief efforts, including assessing the impact of the disaster and the needs for assistance in the central provinces. ADB’s assistance aims to help ensure that people living in the disaster areas have access to basic medical and social services and resources to rebuild their lives and livelihoods.

PM Phuc orders urgent aid to relieve flood-hit localities PM Phuc orders urgent aid to relieve flood-hit localities

In line with the United Nations Resident Coordinator Flood Response Plan, ADB will work closely with the government and coordinate with other development partners to deliver the humanitarian assistance in a manner that minimizes the risk of COVID-19 for affected people in the most severely affected provinces in the central region of Viet Nam.

By Huyen Trang

Related News

ADB projects Vietnam to grow 7.5% in 2022

ADB projects Vietnam to grow 7.5% in 2022

The Asian Development Bank (ADB) has revised up its economic growth forecast for Vietnam to 7.5% this year, from 6.5% as projected in September, given regional and global gloom.
Bond yields rise in emerging East Asia

Bond yields rise in emerging East Asia

VCN - According to a report by the Asian Development Bank (ADB), aggressive monetary tightening in advanced economies has pushed up bond yields and worsened the downturn of financial conditions in emerging East Asia.
State Bank’ rate hike necessary to defend VN dong, control inflation: ADB Country Director

State Bank’ rate hike necessary to defend VN dong, control inflation: ADB Country Director

ADB Country Director Andrew Jeffries has talked to the Vietnam News Agency on the recent interest rate hike by the State Bank of Vietnam in the context of the Fed, ECB and a number of countries raising their rates to curb inflation.
ADB to develop prototype for cross-border securities transaction system using blockchain

ADB to develop prototype for cross-border securities transaction system using blockchain

The Asian Development Bank (ADB) has launched a project to make cross-border securities transactions in Asia and the Pacific more efficient and secure through the use of blockchain technology.

Latest News

Saigontex 2023 attracts over 1,300 domestic, foreign businesses

Saigontex 2023 attracts over 1,300 domestic, foreign businesses

More than 1,300 businesses from 21 countries and territories are participating in the Vietnam Textile & Garment Industry Expo (Saigontex) 2023, the leading exhibition of the industry in Southeast Asia, which opened in Ho Chi Minh City on April 5.
Mong Cai international border gate sees strong recovery

Mong Cai international border gate sees strong recovery

The Mong Cai international border gate in the northern province of Quang Ninh has become vibrant as before the pandemic, showing a positive sign in the economic recovery of Mong Cai city in particular and Quang Ninh province in general.
Vietnam a potential market for French businesses, investors: experts

Vietnam a potential market for French businesses, investors: experts

French businesses should innovate their approach, enhance their understanding of culture and language, and make changes to adapt to Vietnam's transitioning economy in order to expand their market share and boost investment in the Southeast Asian nation, said Dr. Jean-Philippe Eglinger, the founder of the Viet Phap Strategies.
Import and export turnover across Cao Bang prospers but still exists difficulties

Import and export turnover across Cao Bang prospers but still exists difficulties

VCN – After China resumes trade, Cao Bang province's import and export activities see remarkable prosperity.

More News

Cashew industry strives to "get on the shelves of world supermarkets"

Cashew industry strives to "get on the shelves of world supermarkets"

VCN - Although holding the number one position in the world in exporting cashew kernels for many years, the position of Vietnam's cashew industry in the world cashew value chain is very small because it mainly exports kernels with preliminary treatment.
HCM City’s industrial production index down 0.9% in Q1

HCM City’s industrial production index down 0.9% in Q1

Ho Chi Minh City’s Index of Industrial Production (IIP) in the first quarter of 2023 declined by 0.9% compared to the same period last year, the municipal Department of Industry and Trade reported at a press conference on April 3.
Fisheries exports estimated at 1.85 billion USD in Q1

Fisheries exports estimated at 1.85 billion USD in Q1

Fisheries export value was estimated at 1.85 billion USD in the first quarter (Q1) of this year, a fall of 27% compared to the same period last year due to lower consumption and import demand under the impacts of inflation and economic recession, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Quang Ninh aims to attract quality FDI inflows

Quang Ninh aims to attract quality FDI inflows

The northern coastal province of Quang Ninh has strengthened measures to attract quality foreign direct investment (FDI) inflows, especially from big names in the processing-manufacturing industry.
Exports face many difficulties

Exports face many difficulties

VCN - In the first months of 2023, the absence of export orders plus the downward trend in commodity prices have slowed down trade activities.
Manufacturing enterprises increase their competitiveness thanks to digital transformation

Manufacturing enterprises increase their competitiveness thanks to digital transformation

VCN - Overcoming difficulties in 2023 requires manufacturing enterprises to self-improve and innovate. Digital technology is one of the effective solutions to help manufacturing businesses grow and compete.
32nd Việt Nam Expo promises to boost business linkages

32nd Việt Nam Expo promises to boost business linkages

The 32nd Việt Nam International Exhibition (Vietnam Expo) will take place in Hà Nội from April 5-8 with the participation of more than 500 domestic and foreign enterprieses, the event’s organisers have announced.
Prevention of price risks before news that Indonesia increases rice imports in reserve

Prevention of price risks before news that Indonesia increases rice imports in reserve

VCN - In response to demand signals from key markets such as Indonesia and the Philippines, the Import-Export Department (Ministry of Industry and Trade) suggested that rice exporters actively monitor the market situation and fully assess the opportunities as well as risks to build a trading plan.
Japanese investors highly appreciate Vietnamese property market

Japanese investors highly appreciate Vietnamese property market

Representatives from around 180 Japanese businesses and investors on April 1 attended a Tokyo workshop on Vietnamese real estate, during which many of them highly appreciated the potential of Vietnam’s property market.
Read More

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read
Saigontex 2023 attracts over 1,300 domestic, foreign businesses

Saigontex 2023 attracts over 1,300 domestic, foreign businesses

More than 1,300 businesses from 21 countries and territories are participating in the Vietnam Textile & Garment Industry Expo (Saigontex) 2023, the leading exhibition of the industry in Southeast Asia, which opened in Ho Chi Minh City on April 5.
Mong Cai international border gate sees strong recovery

Mong Cai international border gate sees strong recovery

The Mong Cai international border gate in the northern province of Quang Ninh has become vibrant as before the pandemic, showing a positive sign in the economic recovery of Mong Cai city in particular and Quang Ninh province in general.
Vietnam a potential market for French businesses, investors: experts

Vietnam a potential market for French businesses, investors: experts

French businesses should innovate their approach, enhance their understanding of culture and language, and make changes to adapt to Vietnam's transitioning economy in order to expand their market share and boost investment in the Southeast Asian nation, said Dr. Jean-Philippe Eglinger, the founder of the Viet Phap Strategies.
Import and export turnover across Cao Bang prospers but still exists difficulties

Import and export turnover across Cao Bang prospers but still exists difficulties

VCN – After China resumes trade, Cao Bang province's import and export activities see remarkable prosperity.
Cashew industry strives to "get on the shelves of world supermarkets"

Cashew industry strives to "get on the shelves of world supermarkets"

VCN - Looking back to 2022, while the export turnover of the cashew industry reached US $ 3.08 billion, the import turnover of raw cashews consumed US $ 2.678 billion.
Mobile Version