World Bank to provide US$125 million for HCM City’s urban development

The World Bank has approved a US$125 million finance to assist Ho Chi Minh City in strengthening the institutional foundations for its sustainable urban development.

World Bank to provide US$125 million for HCM City’s urban development

Ho Chi Minh City is emerging as a global megacity.

This is the World Bank’s first budget support operation to a sub-national entity in Vietnam.


The programme aims to remove institutional bottlenecks to enable Vietnam’s largest city and economic powerhouse to address some of its most pressing urban governance challenges.

As a key growth driver which generates one fifth of Vietnam’s GDP, the benefits of reforms in HCMC are expected to go beyond the city to the wider economy, the World Bank said in a press release.

Ousmane Dione, the World Bank chief Vietnam, stated that Ho Chi Minh City is facing a host of serious urban challenges as an emerging global megacity and commercial hubs with significant opportunities.

 

He added that successful management of rapid urban growth requires effective and integrated urban governance as well as adequate investment in urban infrastructure and service delivery

The programme is designed to institute integrated cross-sectoral reforms in areas that are crucial for the city’s urban development including land use planning, fiscal governance, wastewater management, public transport, and economic competitiveness.

The credit is provided by the International Development Association.

Nhan Dan

 
 

Other News

.
Coast Guard Region 3: Building the "Revolutionary, Regular, Elite, Modern" Coast Guard forces
Coast Guard Region 3: Building the "Revolutionary, Regular, Elite, Modern" Coast Guard forces
SOCIETYicon  04/07/2020 

Focusing on training to master and efficiently use weapons, technical equipment, newly equipped modern and professional support tools; increasing the ability to use foreign languages, especially English and Indonesian.

Training on tactics and gun and artillery shooting at sea in 2020
Training on tactics and gun and artillery shooting at sea in 2020
SOCIETYicon  14/06/2020 

The results of the training and test course on the tactics and gun and artillery shooting at sea in 2020 of the High Command of the Vietnam Coast Guard Region 1 have achieved more progress than the previous years.

Criteria for appointing Coast Guard officers and scouts
Criteria for appointing Coast Guard officers and scouts
SOCIETYicon  04/03/2020 

Circular 177/2019/TT-BQP regulates the standards, conditions, order and procedures for appointment, dismissal, and the certification of the Vietnam Coast Guard’s officers and scouts.

Vietnam's most modern bus station opens in HCM City
Vietnam's most modern bus station opens in HCM City
SOCIETYicon  10/10/2020 

The new Mien Dong Bus Station in HCM City’s District 9 will start operation on October 10 after a long delay due to the Covid-19 pandemic.

Flood-hit areas evacuated in Hoi An
Flood-hit areas evacuated in Hoi An
SOCIETYicon  09/10/2020 

Houses and restaurants along the Hoai River in Hoi An were evacuated on Thursday afternoon after floodwater breached many buildings following three days of uninterrupted rain.

Five dead, six missing due to severe floods
Five dead, six missing due to severe floods
SOCIETYicon  09/10/2020 

Severe floods, caused by torrential rains in recent days, made five people dead and six others missing as of October 8 morning.

Natural disasters cause economic losses of over 215 million USD this year
Natural disasters cause economic losses of over 215 million USD this year
SOCIETYicon  09/10/2020 

Economic losses caused by natural disasters in Vietnam this year to September 27 had amounted to VND5 trillion (over $215 million), it was reported at a meeting held in the central province of Quang Binh on October 8.

Breast reconstruction surgery after mastectomy improves patients' quality of life
Breast reconstruction surgery after mastectomy improves patients' quality of life
SOCIETYicon  09/10/2020 

A 48-year-old woman from HCM City lacked confidence around her friends after having half of her breast removed because of a cancerous tumour. 

Vietnamese jungle man still misses the wild life
Vietnamese jungle man still misses the wild life
SOCIETYicon  09/10/2020 

Seven years after being taken from the forest, Ho Van Lang is still spending most of his time by the forest where he had lived for over 40 years with his father.

Floods, heavy rain ravage central region
Floods, heavy rain ravage central region
SOCIETYicon  08/10/2020 

The central region of Vietnam is experiencing adverse downpours and floods due to being affected by a low pressure.

Carriages for first metro line arrive in HCM City
Carriages for first metro line arrive in HCM City
SOCIETYicon  08/10/2020 

The Ho Chi Minh City Management Authority for Urban Railways (MAUR) on October 8 received three first train carriages which will be used for metro line No. 1 at Khanh Hoi port of the southern city.

German press praises Vietnam’s anti-pandemic model
German press praises Vietnam’s anti-pandemic model
SOCIETYicon  08/10/2020 

German newspaper Frankfurter Allgemeine Zeitung (FAZ) has spoken highly of Vietnam’s achievements in the fight against the COVID-19 pandemic, saying the country should be taken as a model in the fight.

Family planning awareness raised to mitigate threat of unwanted pregnancies amid COVID-19
Family planning awareness raised to mitigate threat of unwanted pregnancies amid COVID-19
SOCIETYicon  08/10/2020 

In three months a short comedy video titled “Rút Không Kịp” by famous artist Huynh Lap has attracted 2.5 million views on Youtube.

Conjoined twins head home nearly three months after separation
Conjoined twins head home nearly three months after separation
SOCIETYicon  08/10/2020 

Sixteen-month-old conjoined twins Truc Nhi and Dieu Nhi were discharged from hospital on October 7, 84 days after their 12-hour separation surgery.

Long Thanh int’l airport cost to be cut by 103.5 million USD
Long Thanh int’l airport cost to be cut by 103.5 million USD
SOCIETYicon  08/10/2020 

The cost of the first phase of Long Thanh International Airport has been cut by 2.4 trillion VND (103.5 million USD) by the State Appraisal Council.

Nearly 32 million Vietnamese workers “adversely impacted” by pandemic
Nearly 32 million Vietnamese workers “adversely impacted” by pandemic
SOCIETYicon  08/10/2020 

As of September, 31.8 million above-15-year-old labourers in Vietnam were negatively affected by the COVID-19 pandemic with either job losses, reduced working hours and income or rotational leave.

Flexible strategy helps Vietnam win fight against COVID-19
Flexible strategy helps Vietnam win fight against COVID-19
SOCIETYicon  08/10/2020 

The flexible and creative application of a strategy to prevent, detect, isolate, zone and control COVID-19 had played a decisive role in Vietnam’s successful battle against the pandemic, experts have said.

Chief author of textbook for first graders says new standards are higher
Chief author of textbook for first graders says new standards are higher
SOCIETYicon  09/10/2020 

Bui Manh Hung, textbook author, says the current teaching and learning conditions and the environment for children to develop language is better than that of 20 years ago.

Special policy for new Thu Duc City suggested
Special policy for new Thu Duc City suggested
SOCIETYicon  08/10/2020 

The idea of establishing Thu Duc City has been supported by experts and voters, but they want a special policy and better name for the city suited to the current epoch and future as well.

Thousands of people queue up overnight to apply for university
Thousands of people queue up overnight to apply for university
SOCIETYicon  09/10/2020 

After hearing that Thang Long University would enroll more students, prioritizing students who applied early, parents and students hurried to catch buses to Hanoi at night to line up for application the next morning.

 
 
 
Leave your comment on an article

OR QUICK LOGIN