World Bank Oks $84M Credit to Bolster Vietnam’s Climate Change Fight

The World Bank (WB) has approved an $84.4 million loan for Vietnam to promote a climate resilient landscape, including green transportation and energy systems, state media reported, citing a WB press release on June 5. The loan will fund the Vietnamese government’s ongoing five-year (2016-2020) climate change response program. It is aimed at increased protection of water sources and improving water use efficiency. It will also help improve climate smart landscape planning, particularly for forests and the Mekong Delta and support policy changes to reduce vehicle emissions through more stringent standards. “The new development financing will focus on areas which present the greatest opportunities for transformational interventions to address climate change challenges,” said Mr. Ousmane Dione, World Bank Country Director for Vietnam. Vietnam aims to cut greenhouse gas emissions by 8% between 2020 and 2030. (CafeF, SGGPnews, english.Saigon Times, BNews, Thoi Bao Tai Chinh Vietnam, cand, CafeBiz, thiennhien, Forbes Vietnam, Thoi Bao Ngan Hang, Thi Truong Tai Chinh Tien Te, BizLive, VnExpress, en.Nhan Dan)