Viet Nam: Thanh Hoa City Comprehensive Socioeconomic Development Project
The Asian Development Bank (ADB) provided in 2007 a project preparatory technical assistance to prepare the Thanh Hoa City Comprehensive Socioeconomic Development Project. In 2009, the ADB Board of Directors approved a 32-year, $72 million equivalent Asian Development Fund loan and a $2 million Water Financing Partnership Facility (WFPF) grant to the Government of Viet Nam to implement the $117.9 million project to contribute to sustainable socioeconomic development of Thanh Hoa through a multisector project. The project included five components: (i) urban roads development, (ii) water supply expansion and upgrading, (iii) drainage and water treatment, (iv) human resource development, and (v) tourism development.
The Thanh Hoa Water Supply Company was a subborrower under the loan, using the financing to implement the project’s water supply component. ADB administered the WFPF grant that supported the program’s water and wastewater company institutional reform and capacity building. Component 1 of the project was cofinanced by the Government of the Republic of Korea through Export–Import Bank of Korea (KEXIM; $32.7 million) and by the Government of Viet Nam ($11.2 million). The program was the first ADB-financed project delegated from the central government to a provincial people’s committee; the executing agency was the THP People’s Committee. A minor change and reallocation of loans proceeds was approved in 2013. A project completion report was prepared in 2017 and is the subject of this evaluation. IED overall assessment: Less than successful.