The US$150 million project, funded by loans from the International Development Agency (IDA) under the World Bank (WB), will be implemented in five years from 2012 to 2016 in 10 central provinces. They are Thanh Hoa, Nghe An, Ha Tinh, Quang Binh, Quang Tri, Quang Nam, Quang Ngai, Binh Dinh, Ninh Thuan and Danang.

This is a follow-up to the community-based disaster management project which has been implemented in the central provinces since 2005 to support Vietnam in coping with and mitigating natural disasters.

The Prime Minister has authorised the governor of the State Bank of Vietnam (SBV) to sign a loan agreement and relevant legal documents with the WB and to work with relevant agencies on finalising all necessary procedures to be implemented as soon as possible.

Source: VOV