The objective of the Vinh Long City Urban Development and Enhanced Climate Resilience Project is to improve access to infrastructure and connectivity and to reduce flood risk in the urban area of Vinh Long City. The Project has several following components, including: flood risk management and environmental sanitation; flood risk mitigation and urban drainage; wastewater collection and treatment; strategic corridors development; and resettlement area development. The Dutch grant will be provided to build a water treatment plant in Vinh Long City, one of the most important component of the wider Vinh Long City Urban Development and Enhanced Climate Resilience Project.

(The objective of the Vinh Long Project is to improve access to infrastructure and connectivity and to reduce flood risk in the urban area of Vinh Long City)

The signed DRIVE agreement is the result of successful, year-long negotiation process between the Ministry of Finance of Viet Nam and the Netherlands Embassy.

Ambassador Akkerman highlighted: “Vietnam and the Netherlands are both committed to achieve the Sustainable Development Goals (SDGs) and for that public and private interests often coincide. Via Invest International the Netherlands grants USD 19.5 million (EUR 16.5 million) to a project totaling USD 202.2 million (EUR 170 million) in Vinh Long City to make the city more climate resilient and to protect its people against flood risks. The rest of the amount is covered by the World Bank and by Vinh Long Province. The significant amount of Dutch grant, played a crucial role to make the project possible.”

The Project aims to make the city more climate resilient and to protect its people against flood risks

Besides the grant financing for the Vinh Long Project, in Vietnam, especially in the Mekong Delta, the Netherlands Government is currently supporting the development of financial and investment modalities whereby public and private funds are mobilized to jointly support adaptation and build resilience in different sectors amongst which climate & energy and agro-food.