WB, Switzerland help boost Vietnam’s sustainable urban development with 5 million USD grant
(VOVWORLD) -The World Bank amd the Swiss government signed an agreement to promote green and resilient growth in Vietnam’s major cities at a meeting in Hanoi on Monday. The 5 million USD grant initiative is financed by the Swiss State Secretariat for Economic Affairs (SECO).
 Swiss Ambassador to Vietnam Thomas Gass and Mariam J. Sherman, World Bank Country Director for Vietnam, Cambodia and Lao, at the signing ceremony of the Vietnam accelerating green and resilient growth in large cities single-donor trust fund. (Photo: Vietnam+) |
Mariam J. Sherman, World Bank Country Director for Vietnam, Cambodia and Lao, said the funding will deepen its engagement with Vietnam’s largest cities including Ho Chi Minh City, Da Nang, and Can Tho, to integrate sustainable practices within the cities’ urban planning and economic policies, building a model for climate-resilient, low-carbon urban development.
Under the program to develop urban areas in Vietnam, the World Bank will develop a knowledge base of technical and operational best practices, drawing on international expertise adapted to the local context, to provide strategic solutions for urban challenges.
The program will also strengthen policy-making capacity and support cities and national agencies in mobilizing and diversifying financial resources for investment projects while promoting collaboration and knowledge sharing.