The decision was made at a recent meeting of the Government standing
members in Hanoi, with the fund sourced from the Support Programme to
Respond to Climate Change (SP-RCC).
The money will be spent on mangrove afforestation and sea dyke construction in coastal areas.
Youth volunteers tend to young trees in the Can Gio mangrove forests in HCM City. Urgent measures are needed to conserve mangrove forests, which have been rapidly disappearing, experts warn.
The Government leader asked the Ministries of Natural Resources and
Environment, Agriculture and Rural Development, Planning and Investment,
and Finance, to review the scale of and capital allocation for the
projects.
Relevant reports will be submitted to the Prime Minister before
September 30 and then to the National Assembly for including the sum in
the 2015 state budget estimates.
The PM noted that the disbursement is underway only when procedures for
the projects are completed in line with legal regulations.
Launched in Vietnam in 2009, the 1US$billion SP-RCC is being supported
by the Japan International Cooperation Agency (JICA), the French
Development Agency (AFD), the Australian Government, the Canadian
International Development Agency (CIDA), the World Bank, and the
Republic of Korea’s Eximbank.
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