KOICA supports sustainable poverty reduction in Lao Cai

Thursday, 2015-05-28 11:26:15
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NDO/VNA – A new community development project in the northern mountainous province of Lao Cai was launched in the locality on May 27. 

Funded by the Korea International Co-operation Agency (KOICA), the project will help the locality improve rural roads and infrastructure in an effort to boost economic, cultural and educational development and improve the province’s healthcare network and public administrative management.

Speaking at the event, Country Director of KOICA in Vietnam Chang Jae Yun said the programme will contribute to promoting sustainable poverty reduction in Lao Cai by assisting the locality in developing a new-style urban model in line with the Republic of Korea’s Samuel Undong model.

Doan Van Huong, Chairman of the provincial People’s Committee, highlighted that non-refundable international investments have contributed remarkably to socio-economic development in Lao Cai.

A total of 15 projects worth over VND3.7 trillion (US$170.2 million) in official development aid (ODA) are being implemented in the province.

Local authorities called upon the provincial Department of Planning and Investment and relevant sectors to work closely with the project in order to roll out a specific action plan for implementation.