The Prime Minister has approved Vietnam’s participation in a technical assistance project on sustainable transport development in the Greater Mekong Sub-region (GMS).

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The 800,000-USD project funded by the Asian Development Bank (ADB) will be carried out in the GMS countries, including Vietnam, to study road investment projects’ impact on socio-economic development, the role of smart infrastructure, and natural capital investment opportunities.

Vietnam will receive 360,000 USD from the total investment, to be used to help the Vietnamese Government manage the investment portfolio under the regional investment framework (RIF), realize the green growth strategy and assess natural resources of RIF transport projects.

Additionally, the project will support Vietnam in building a roadmap to integrate natural capital into medium-term investment plans and strengthening partnership in the field.

It is due to be carried out in Vietnam from November 2015 to 2016.

Source: VNA