German bank backs out of Vietnam preservation project

 

The sponsor of a project to preserve the Phong Nha – Ke Bang reserve with world-famous caves has asked for its money back because of poor management.

German banking group KfW had pledged 12.6 million euros (US$16 million) to preserve and manage natural resources at the Phong Nha-Ke Bang National Park, a UNESCO world natural heritage site in the central province of Quang Binh, for a project that opened in October 2008.