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Accordingly, the World Bank has agreed on a $50 million soft loan sourced from the International Development Association (IDA). The Government and Vietnamese enterprises have pledged to cover the rest for the project.
The information was announced at the conference to launch the project held by the MPI and the World Bank in Hanoi on April 2.
Addressing the conference, Deputy Minister of Planning and Investment Nguyen Van Trung said that the project was important for Viet Nam to deal with challenges in environmental pollution caused by waste, waste water and industrial emission.
The project will help further improve the management of industrial pollution in Viet Nam, especially industrial wastewater in IZs located in the four benefiting provinces for further application.
Under the plan, the project will have three components to be carried out by the MPI, the Ministry of Natural Resources and Environment, the Viet Nam Environment Protection Fund to support the Government in building and completing the legal system on the environment.
At the conference, representatives from the four benefiting provinces affirmed that they will make greater efforts to enhance environmental protection.