Vietnam Ministry of Agriculture and Rural Development (MARD), Minister Le Minh Hoan, and the World Bank (WB) held a delegation where Anna Wellenstein, World Bank Sustainable Development Director for East Asia Pacific, announced that $41.2 million will be allocated to Vietnam to reduce greenhouse gas emissions from agriculture. The funds are the largest ever grant disbursed under the World Bank Carbon Fund.
Minister Le Minh Hoan projects that the grant will be a great aid for localities to participate in sustainable forest development as well as adapt to EU regulations on combating forest land encroachment, traceability of agricultural products from forests, and forest welfare.
Key projects and cooperation includes;
The project to repair and improve dam safety and the importance of the project. the next strategic partnership in the Water Sector Cooperation (VWE) program; Integrated Transformation and Adaptation to Climate Change in the Mekong Delta (MERIT) Project; Program of 1 million hectares of high-quality and low-carbon rice; The North Central Region Forest Emission Reduction Program (ERPA); The Sustainable Fisheries Development Project and the Multi-Stage Approach to Coastal Resiliency Phase 1. The two sides discussed how to remove obstacles in the implementation of projects and orientations. possibility of further expansion in the near future.
