ADB helps Vietnam cope with national disasters
(VOV) - The Asian Development Bank (ADB), in co-ordination with the Australian Agency for International Development (AusAID), has pledged US$87.39 million in loans and grants to help Laos and Vietnam cope with natural calamities.
In addition to upgrading or developing canals, drainage pumps and embankments in Laos’ Vientiane capital and Vietnam’s Dong Thap and Tien Giang provinces in the Mekong Delta, the assistance will also be used nation-wide in both countries to collect data, information, and knowledge to prepare flood and drought forecasts.
ADB will assist southern provinces - namely Tien Giang and Dong Thap - in data collection efforts that will be used to make forecasts about flood and storm activity in the Mekong Delta and other areas nationwide.
Thanks to ABD’s funding, an early warning centre will also be established in Laos to furnish the whole region with additional information about potential natural disasters.
It is reported that floods in the Mekong Delta cause property losses worth more than US$70 billion annually.
In 2004-2005, droughts in the region caused an estimated loss of US$43 million and resulted in food shortages during the period.