This announcement was made at a February 28 working session in Washington DC between Minister of Natural Resources and Environment Nguyen Minh Quang and WB Vice President Rachel Kyte.
At the meeting, the two sides reviewed bilateral cooperation and WB’s support for Vietnam’s natural resources and environmental protection programmes.
They also discussed the prioritisation of specific issues and Vietnam’s ability to engage in the global environmental initiatives coordinated by the WB.
Kyte pledged to assist Vietnam in building and implementing legal framework on climate change in Environment Protection Law and create favourable conditions for the country to participate in research addressing the impact of hydroelectric power projects in the Mekong River region.
The WB will also help Vietnam join the BioCarbon Fund’s programmes to reduce gas emission from using land and integrate climate change with land usage.
Kyte appreciated Vietnam’s orientations in subsidising fossil energy and promoting clean energy such as wind power and solar energy.
The WB agreed to support Vietnam’s policy making process aiming to attract investment capital for energy projects and consider the country’s proposal for granting preferential loans for urgent projects on climate change adaption, mangrove forestation and sea dyke building.
