World Bank

The two sides focus on cooperation in energy, infrastructure, digital transformation, and climate adaptation.

For Vietnam to achieve the transformation it aspires to, accelerating a shift to productivity-led growth will be essential.

The Vietnamese Government creates an equal environment among all economic sectors, including private and foreign investment, for the country's economic development.

The plant is expected to begin operations in 2024 and will incinerate 500 tons of municipal and industrial solid waste every day.

Part of the World Bank’s US$321-million commitment is aimed to mitigate climate vulnerabilities in Vietnam’s biggest business hub of Ho Chi Minh City.

Hanoi needs foreign investment, preferential loans, and official development assistance.

Higher FDI commitments have been driven by increasing capital flow into manufacturing.

The grant will support Vietnam in the process of transition to a low carbon economy, social equity and inclusion, and innovation-driven growth.

Only 33% of the total 3.9 million tons of the commonly used plastics disposed of per year in Vietnam are recovered and recycled.