Ho Chi Minh City needs more than VND20 trillion (US$1.05 billion) by 2015 to cope with the impacts of climatic change, but authorities have yet to draft action plans. A scene often seen in HCMC after heavy rains. Experts calculate that 16 IPs will be inundated if sea levels rise 1 meter. Districts with incomplete infrastructure, like 12, Can Gio, Hoc Mon, and Binh Chanh, will be the worst affected, the HCM City Climate Change Steering Board said.Nguyen Trung Viet, head of the Board’s expert group, said the funds required to combat the effects of climate change will be mobilized from four sources: 50 percent from aid and loans from international organizations, 30 percent from the government, and 10 percent each from the city budget and businesses. … [Read more...] about Coping with climate change to cost Ho Chi Minh City $1 bln
Climate ho chi minh
Ho Chi Minh City hopes to tackle flood issues
Ho Chi Minh City authorities have asked scientific agencies to conduct supplementary research to help the city deal with flooding issues in a sustainable way. Inundation is among pressing issues of Ho Chi Minh City Incomplete but backward projects Water drainage projects have not yet been completed but thought to be backwardInternational scientists forecast that Ho Chi Minh City will be among ten cities in the world suffering the most serious results of global climate change.Supplementary research … [Read more...] about Ho Chi Minh City hopes to tackle flood issues
APEC SOM3 and related meetings conclude in Ho Chi Minh City
NDO/ VNA – The third APEC Senior Officials’ Meeting (SOM3) and related meetings wrapped up in Ho Chi Minh City on August 30 after 13 days of working.Addressing a press conference the same day, Deputy Minister of Foreign Affairs Bui Thanh Son, APEC 2017 SOM Chair, said the SOM3 and related meetings have the largest scale in the APEC Year 2017 with nearly 80 meetings and 3,000 delegates, including ministers, deputy ministers of APEC member economies, and representatives from APEC observers, international organisations and businesses.The SOM3 and related meetings took place in the context of bright prospects for global and regional economy and trade, Son said, noting that the regional economic growth rate is forecasted to surpass that of the global economy.However, the widening development gaps between economies and within each economy and the occurrence of non-traditional security challenges such as natural disasters, diseases, population aging and climate change require the … [Read more...] about APEC SOM3 and related meetings conclude in Ho Chi Minh City
Ho Chi Minh City announces socio-economic overall plan
Ho Chi Minh City on April 14 announced its master plan for socio-economic development through 2020, with a vision towards 2025, focusing on stepping up its connection with surrounding localities as well as the inter-disciplinary and inter-regional collaboration for the city's fast and sustainable growth. Under the plan, the country's biggest economic hub will strive to become a multi-functioning economic, social and cultural centre with modern infrastructure system by 2020. It plans to develop facilities for the education and training, science-technology, healthcare, and sports sectors in accordance with national and regional standards up until 2030. The city targets GDP growth ranging from 10-10.5 percent between 2011 and 2015, 9.5-10 percent in the 2016-2020 period and 8.5-9 percent in the five subsequent years. The GDP per capita will reach 8,430-8,822 USD by 2020. In the short term, the city will give priority to upgrading the local infrastructure system and raising its … [Read more...] about Ho Chi Minh City announces socio-economic overall plan
Ho Chi Minh city, EU cooperate on investment promotion
Nguyen Thanh Phong, Chairman of the Ho Chi Minh city People’s Committee, on March 15th held a reception for Ambassador Bruno Angelet, Head of Delegation of the European Union to Vietnam, in which some cooperative programs between the EU and Ho Chi Minh city were discussed. During the reception, Chairman Phong appreciated EU support for the city in Metro No. 2, the project on dredging Soai Rap River, and projects on agricultural cooperation and climate change, showing his desire that the EU would promote cooperative activities with Vietnam in general and with Ho Chi Minh in particular. He thanked Ambassador Bruno Angelet for ideas that help Ho Chi Minh city further complete policies on improving investment environment, confirming that he supported the building of a regular dialogue mechanism with the European Chamber of Commerce in Vietnam (EUROCHAM) to tackle any possible obstacles for EU investors. Ambassador Bruno Angelet said that EU attached great importance to developing … [Read more...] about Ho Chi Minh city, EU cooperate on investment promotion