Mariam J. Sherman, World Bank Country Director for Vietnam, Cambodia and Lao, said the funding will deepen its engagement with Vietnam’s largest cities including Ho Chi Minh City, Da Nang, and Can Tho, to integrate sustainable practices within the cities’ urban planning and economic policies, building a model for climate-resilient, low-carbon urban development.

Under the program to develop urban areas in Vietnam, the World Bank will develop a knowledge base of technical and operational best practices, drawing on international expertise adapted to the local context, to provide strategic solutions for urban challenges.

The program will also strengthen policy-making capacity and support cities and national agencies in mobilizing and diversifying financial resources for investment projects while promoting collaboration and knowledge sharing.