The Asian Development Bank (ADB) will finance a number of agricultural and rural development projects in Vietnam this year, to the tune of hundreds of millions of US dollars.

Noteworthy is the Northern Chu and Southern Ma Rivers Irrigation Project, with combined investment capital of 115 million USD, including 80 million USD sourced from an ADB loan, 15 million USD from other donors and the rest shouldered by the Vietnamese government.

The 120 million USD Phuoc Hoa reservoir project will be provided with a 60 million USD loan by ADB, which will sponsor an 80 million USD project designed to mitigate effects of floods and droughts in the Greater Mekong Sub-region.

ADB will also provide non-refundable technical assistance worth 800,000 USD and 1 million USD for projects to upgrade the irrigation system in the central and northeastern Hong (Red) River Delta region, and develop rural infrastructure in the Central Highlands and Binh Phuoc province, respectively./.