Funding for countywide transportation improvements by levy

The World Bank in Vinh city helps strengthen flood resilience and improve sanitation, transport and public space infrastructure. (Photo: VietnamPlus) Hanoi (VNA) - The World Bank Board of Directors on July 31 approved a project worth 129.6 million USD to strengthen flood resilience and improve sanitation, transport, and public space infrastructure in Nghe An province's Vinh city - a political, economic, and cultural centre of the north-central coastal region. The project is expected to directly benefit 250,000 residents in Vinh city’s urban core by reducing flood risk and improving public health. Once completed, the project will connect 30,000 households to new or rehabilitated secondary and tertiary sewers. Another important aspect to the project includes cutting in half the time women have to spend on unpaid labor as housework after flooding, including cleaning. The project will contribute to climate adaptation by reducing damage from heavy rains, and to climate … [Read more...] about World Bank aids 130 million USD to help Nghe An province improve life quality

Given the insufficient public finance for climate ambitions, credit institutions play an increasingly important role in supporting the country's move towards a net zero economy through promoting green financing and capital markets to tap climate investment opportunities. — VNA/VNS Photo Việt Nam needs to develop a proper regulatory framework to pave the way for credit institutions to increase green financing and contribute to accelerating the transition to a low-carbon economy, attendees heard at the Việt Nam Climate Forum organised by the International Finance Corporation (IFC) in collaboration with the State Bank of Việt Nam (SBV) yesterday in Hà Nội. At COP26 in November 2021, Việt Nam announced the target to achieve net-zero emissions by 2050, phase out coal power by 2040, and reduce methane emissions by 30 per cent from 2020 levels by 2030. The Government of Việt Nam has introduced several policies, strategies, and plans to support environmentally sustainable development, … [Read more...] about VN needs to improve regulatory framework to increase green financing

The resolution places special emphasis on addressing and preventing fire and explosion incidents, particularly in high-risk areas. The Hanoi People’s Committee, during the 13th session [September 22], approved a resolution on measures to enhance fire prevention and firefighting efforts. Deputies at the 13th session. Photos: Thanh Hai/The Hanoi Times The resolution outlines nine main categories of measures, encompassing immediate and future actions to enhance regional fire and explosion safety. In line with this, the resolution places special emphasis on addressing and preventing fire and explosion incidents, particularly in high-risk areas such as multi-story residential buildings, industrial zones, craft villages, and commercial centers. These efforts will be prioritized from now until the end of 2023 and further extended through 2025. Furthermore, the resolution highlights the importance of public awareness campaigns and training programs aimed at … [Read more...] about Hanoi ratifies resolution on enhancing fire prevention and firefighting

This is one of eight metro projects planned by Hanoi to improve the city's mass transit system by 2030. The State Appraisal Council has approved the plan for Hanoi's fifth metro line, connecting Van Cao Street and Hoa Lac High-Tech Park, with a total investment of over VND65 trillion (US$2.8 billion), according to the city's People's Committee. As one of eight metro lines Hanoi plans to build by 2030 to improve the city's public transportation system and ease traffic congestion, the fifth line will facilitate fast and convenient mobility between suburban and urban areas. A rendered image of Hanoi's fifth metro line project. Photo: The Hanoi People’s Committee With a total length of 38.43 kilometers, the line will run 6.5 kilometers underground and 2 kilometers on elevated tracks. The fifth metro line will pass through seven districts. After running underground through Van Cao, Lieu Giai and Nguyen Chi Thanh streets, it will surface at Thang Long … [Read more...] about Hanoi’s US$2.8 billion fifth metro line project approved

Vietnam is determined to meet its commitment of a net-zero emission target by 2050 and support global health security priorities, Prime Minister Pham Minh Chinh told two United Nations summits in New York, the U.S., on Wednesday. The Vietnamese leader kicked off his first activities at the United Nations headquarters by attending two summits on climate change response and preparations for future pandemics, as part of his seven-day trip to the U.S. for the high-level General Debate of the 78th United Nations General Assembly (UNGA) session and other activities. Cutting emissions by 43.5 percent by 2030 Speaking at the UN Climate Ambition Summit, where leaders of countries and international organizations expressed their concern about the severe impacts of climate change, PM Chinh stressed that addressing climate change impacts requires a global and all-people approach, with more urgent and stronger actions. The PM proposed accelerating a fair and just green energy transition, … [Read more...] about Vietnam reiterates net-zero emission goal, supports global health priorities