Vietnam seeks World Bank’s support in soft infrastructure development
Better law-making would help Vietnam better adapt to changes in the region and the world.
Better law-making would help Vietnam better adapt to changes in the region and the world.
Vietnam will finalize its legal framework to build an independent and self-reliant economy, with high resilience against external shocks in global integration, Prime Minister Pham Minh Chinh has said.
The adaptation of circular economic models would help Vietnam realize its commitment to net-zero carbon emissions target by 2050.
Vietnam has incurred green, social, and sustainability (GSS) debts of US$1.5 billion in 2021, almost five times the $0.3 billion in the previous year, and maintaining steady growth for the third consecutive year.
304 JBIC-funded projects in the fields of energy and supply chain development have been effective and have contributed to promoting green growth in Vietnam.
The country called for support from the global community in enhancing climate resilience capabilities for the Mekong Delta region, eventually contributing to national and regional food security.
With UK’s expertise in renewables development and Vietnam’s huge natural resources, experts expect a win-win situation for both sides in promoting green growth.
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.