World Bank approves $300 loan

by VTV424 June 2017 Last updated at 12:59 PM

VTV.vn - The World Bank in Vietnam announced on June 23 that it has recently approved a 300 million USD loan to support Vietnam in enhancing transport connectivity in countryside and forest protection in eight coastal localities.

Half of the funding will be spent on upgrading 142 kilometres of National Highway 19 and strengthen transport safety and resilience to national disasters.

Once the project is finished, communities in Binh Dinh and Gia Lai provinces will benefit from easier access to markets, reduced commuting time and improved road safety.

The other half of the financing will support the management of coastal forests in eight provinces.

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