ADB, Nordic Development Fund Support Action on Climate Change in VN

The Asian Development Bank (ADB) and the Nordic Development Fund are to help Vietnam draw up and implement detailed climate change action plans for key cities and government departments.

 

A technical assistance grant of US$2.5 million from the Nordic Development Fund, administered by ADB, will be used to help Ho Chi Minh City and Da Nang cities, the Ministry of Transport, the Ministry of Industry and Trade, and Thanh Hoa province plan and implement effective climate change response measures.

 

The assistance will support Vietnam to build a more climate-resilient economy producing less greenhouse gas.

 

The Government of Vietnam will also provide counterpart finance of US$250,000 for a total investment cost of US$2.75 million. The Ministry of Industry and Trade is the executing agency for the project which is due to begin in May 2011, and be completed by May 2013.

 

The Nordic Development Fund is the joint multilateral development institution of Denmark, Finland, Iceland, Norway and Sweden, and provides grant finance for climate change interventions in developing countries.