The Asian Development Bank will loan Vietnam US$100 million for a project to rehabilitate one of its oldest and largest irrigation and drainage systems in the north.
The bank said in a press release that part of its loan will also help build a campus for Hanoi-based Water Resources University, the country's only university to train water engineers.
The two projects will be financed with $51 million from the Vietnamese government and 20 million euros (US$26.7 million) from Agence FranÃ§aise de Développement (French Development Agency).
According to ADB, the project to rejuvenate the 50-year-old Bac Hung Hai system in the heart of the Red-Thai Binh river basin will benefit around 560,000 people living in surrounding areas through better irrigation.
The education project, meanwhile, will help a total of 13,400 future students and 800 faculty members receive better quality education in hydrology and related fields.
"The loan-funded project is designed to address two binding constraints that contribute to the core sector problem of poor quality and delivery of water-related services insufficient human resource capacity and inadequate public infrastructure," said Dennis Ellingson, Senior Natural Resources Management Specialist in ADB's Southeast Asia Department.