Thursday, June 13, 2024

HomeEconomyVietnam forfeits billions of dollars in foreign aid amid anti-graft freeze

Vietnam forfeits billions of dollars in foreign aid amid anti-graft freeze

Economy

Reuters exclusively reported that Vietnam forfeited at least $2.5 billion in foreign aid over the last three years and may lose another $1 billion because of administrative paralysis, the United Nations, the World Bank and Western donors told the government. 

Market Impact

The expired funding could delay much-needed projects, such as infrastructure upgrades.

Article Tags

Topics of Interest: Economy

Type: Reuters Best

Sectors: Economy & Policy

Regions: Asia

Countries: Vietnam

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story


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