Vietnam lost $2.5bn in foreign aid over 3 years due to anti-corruption measures, risking another $1bn loss.

Vietnam lost $2.5bn in foreign aid over 3 years due to an anti-corruption freeze & risks losing another $1bn due to administrative paralysis. Anti-graft measures halted aid disbursements, impacting development projects in Vietnam. The UN, World Bank, & Western governments expressed concern over regulatory hurdles and prolonged approval processes, potentially leading to losses of nearly 1% of the country's GDP.

May 17, 2024
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