International organisations pledge to help HCM City in green development

Delegates attend the conference. (Source: HCM City Party Committee)

HCM City (VNA) – Chairman of the Ho Chi Minh City People’s Committee Phan Van Mai received representatives from international organisations and investors on January 24 within the framework of the investment conference for HCM City’s green growth jointly held by the committee and the World Bank (WB).

The sides discussed coordination in increasing resources for green development in Vietnam’s southern economic hub.

Chandra Sinha, Global Lead for Carbon Markets and Finance, Climate Finance and Economics at the WB, affirmed that the bank wants to support HCM City to boost cooperation with international partners and optimise its potential to call for international resources to build carbon credits and join the carbon credit market.

Mai suggested the WB help HCM City devise framework plans, provide more detailed advice in determining the types of carbon credits, and assist the city to develop sectors and businesses that have potential in carbon credit building.

The official thanked the WB and the International Finance Corporation (IFC) for their commitments to supporting HCM City in green development, and expressed his hope that the IFC will share experience of other cities and localities worldwide that have gained successes in this regard.

The European Chamber of Commerce in Vietnam (EuroCham) also pledged to accompany HCM City in green transition, mobilising resources in service of climate change response, and implementing green projects./.

VNA