(VOVWORLD) - The World Bank has approved two development policy operations (DPO) totalling 321.5 million USD to support Vietnam’s recovery efforts.
 The World Bank will provide 100 million USD for HCM city's urban management. (Illustrative photo) |
The first operation, worth 221.5 million USD, focuses on policy actions that will make the recovery more inclusive, through support in childcare, mobile money, e-governance, and renewable energy.
By improving access to affordable and quality childcare, this project will help tackle one of the greatest barriers to women’s workplace equality in industrial parks. Support for the adoption of mobile money is aimed at the increased use of financial services among unbanked households, which remain the majority in the country.
Efforts to develop e-governance will help facilitate a digitally-transformative recovery in Vietnam and will lead to the provision of more efficient and comprehensive public services for its citizens and firms. Meanwhile, increased uptake of renewable energy will assist the country in prioritising solar-power projects as greener, less carbon-intensive alternatives to coal.
The second operation totalling 100 million USD will aid HCM city in promoting the use of integrated and transparent spatial information for urban management. This activity is designed to strengthen the management of public assets and liabilities, while enhancing the delivery of priority municipal services - three central elements for efficiently governing a modern city.