Houses are seen submerged up to roof by the floods in Minh Hoa commune, the central province of Quang Binh in October. (Photo: VNA)Hanoi (VNA) – Vietnam is among the countriesselected by the US Agency for International Development (USAID) for privatesector engagement (PSE) pilot projects to advance innovative solutions toreduce the risk and impact of natural disasters, the US Embassy in Vietnamannounced on December 3.
Other beneficiaries from the projects are Indonesia andthe Caribbean countries.
These projects are aimed at helping the humanitarian community betterunderstand how the private sector can invest in projects that mitigate the riskof disasters; increase businesses’ participation in community disasterpreparedness plans and policies; help reduce the social and economic impacts ofdisasters; and support communities’ efforts to recover and rebuild afterdisaster strikes.
These USAID-supported pilot programmes will help countriesdevelop stronger relationships with private sector actors and developmutually-beneficial projects that strengthen entire communities’ disasterresilience.
In Vietnam, the Asia Foundation, in partnership with ISETInternational, the Vietnam Chamber of Commerce and Industry (VCCI), and theVietnam Institute for Development Strategy (VIDS) under the Ministry ofPlanning and Investment, will bring together key private sector, localgovernment, and civil society actors to collaboratively design and launchmulti-stakeholder pilot projects to strengthen flood mitigation efforts andimprove water network management in the coastal city of Quy Nhon in the southcentral province of Binh Dinh.
Private Sector Engagement (PSE) is a strategic approach tointernational development through which USAID consults, strategizes, aligns,collaborates, and implements with the private sector for greater scale,sustainability, and effectiveness of development or humanitarian outcomes./.
VNA
