World Bank (WB) bet88 Switzerland help boost Vietnam’s sustainable urban development

The Swiss government bet88 the World Bank (WB) signed an agreement to promote green bet88 resilient growth in Vietnam’s major cities on November 4.

The million grant initiative, financed by the Swiss State Secretariat for Economic Affairs (SECO), also aims to strengthen the ongoing partnership between Switzerland bet88 the World Bank in advancing sustainable urban development in Vietnam.

"This grant enables us to support continued dialogue to integrate sustainable practices within the city’s urban planning bet88 economic policies, building a model for climate-resilient, bet88 low-carbon urban development," said Ms. Mariam J. Sherman, World Bank’s Country Director for Vietnam, Cambodia bet88 Lao PDR.

“The funding will deepen our engagement with Vietnam’s largest cities, particularly Ho Chi Minh City, Da Nang, bet88 Can Tho,as they advance toward a vision of green growth,” she remarked.

The Vietnam Accelerating Green bet88 Resilient Growth in Large Cities Single-Donor Trust Fund aims to help large cities in Vietnam grow more sustainably while managing the increasing risks bet88 mitigating the future impacts of climate change.

Under this program, the World Bank will develop a knowledge base of technical bet88 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 bet88 support cities bet88 national agencies in mobilizing bet88 diversifying financial resources for investment projects while promoting collaboration bet88 knowledge sharing.

“This partnership reflects Switzerland’s commitment to sustainable urban development in Vietnam,” Swiss Ambassador to VietnamH.E.Thomas Gass said.

“By combining Swiss financing with World Bank knowledge, we aim to help Vietnamese cities achieve their green growth objectives while building resilience against climate challenges,” the ambassador added.

Switzerland bet88 the World Bank have been long-term strategic partners in supporting urban development in Vietnam. This initiative builds on previous successful collaborations, including one that established the country’s first flood risk management system in the Mekong Delta city of Can Tho.

The impact of these joint efforts extends beyond Vietnam, shaping the World Bank’sSustainable Urban bet88 Regional Development ProgramandCity Resilience Program, both of which are also financed by Switzerland at the global level.