US$3.9 million of ODA supplied for Vietnam's green growth
The US Agency for International Development (USAID) in collaboration with the United Nations Development Program (UNDP) and the European Union (EU) has agreed to provide US$3.9 million of ODA for sustainable green growth projects.
The balance of the funding for the US$4.128 million projects to be implemented in Hanoi and surrounding provinces will be sourced from the Ministry of Planning and Investment (MPI) counterpart funds.
The projects are aimed at enhancing technical capacity for the MPI, the Ministry of Finance, the Ministry of Transport and other provinces to integrate the contents of green growth into the local budget and spending plans.
They are also expected to raise businesses and policy makers’ awareness about green growth and sustainable development, analysis on financial and investment policies, barriers, and support of policy dialogues.
The Prime Minister has asked the MPI to work with relevant agencies and the UNDP office in Vietnam to devise an annual plan to implement the projects in compliance with existing regulations and insure the ODA is used effectively.
