Vietnam Receives 5 Million USD Grant for Urban Development

The World Bank (WB) and the Swiss Government recently signed an agreement for granting Vietnam 5 million USD to promote green and resilient growth. This grant initiative will be financed by the Swiss State Secretariat for Economic Affairs (SECO).
Fanasy Nguyen Le
November 07, 2024 | 10:42
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Mariam J. Sherman, World Bank Country Director for Vietnam, Cambodia and Laos shared that the "Vietnam Accelerating Green and Resilient Growth in Large Cities Single-Donor Trust Fund" aims to strengthen the ongoing partnership between Switzerland and the World Bank in advancing sustainable urban development in Vietnam, adding to the continued dialogue to integrate sustainable practices within its city’s urban planning and economic policies, building a model for climate-resilient, and low-carbon urban development.

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

Vietnam Receives 5 Million USD Grant for Urban Development
Thomas Gass (left) - Swiss Ambassador to Vietnam and Mariam J. Sherman (right) -World Bank Country Director for Vietnam, Cambodia and Lao, at the signing ceremony (Photo: VNA).

Another aim is to support Vietnamese cities to grow more sustainably while managing the increasing risks and mitigating the future impacts of climate change. It will help the country develop a knowledge base of technical and operational best practices using international expertise. On the other hand, the fund will focus on strengthening policy-making capacity and support cities and national agencies in mobilizing and diversifying financial resources for investment projects while promoting collaboration and knowledge sharing.

Swiss Ambassador to Vietnam Thomas Gass believes that by combining Swiss financing with World Bank knowledge, we can help Vietnamese cities achieve their green growth objectives while building resilience against climate challenges. He added that this partnership reflects Switzerland’s commitment to sustainable urban development in Vietnam.

According to Vietnamplus, this initiative builds on previous successful collaborations, including one that established the country’s first flood risk management system in Can Tho.

WB finances higher education and urban development projects in Vietnam

WB finances higher education and urban development projects in Vietnam

The World Bank Board of Executive Directors approved to finance for two projects worth a total of US$422 million to help build a climate-resilient city ...
Vietnam, Czech Republic Share Urban Development Experience

Vietnam, Czech Republic Share Urban Development Experience

Vietnamese Minister of Construction Nguyen Thanh Nghi recently paid a working visit to the Czech Republic to share experience in urban planning, construction, and architecture.
Fanasy Nguyen Le
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