France provides $40.6mn to tackle coastal erosion in Vietnam

January 03, 2024

The Agency for the Development of France (AFD) will supply loans and non-refundable aid worth a combined US$40.6 million to Quang Nam Province, central Vietnam to help the province execute an erosion fighting project along Hoi An Beach. The beach protection and anti-erosion project is estimated to cost 42 million euros (US$46 million), comprising 35 million euros ($38.4 million) in AFD loans, two million euros ($2.2 million) in non-refundable aid, and five million euros ($5.4 million) in counterpart capital from the provincial budget. Diem told Tuoi Tre (Youth) newspaper that the Vietnamese prime minister approved AFD loans and aid for the project in late 2023. Hoi An, a popular tourist attraction in Quang Nam, has faced severe coastal erosion over the past many years. Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

The source of this news is from Tuoi Tre News