On March 28th, Ho Chi Minh City hosted a business forum, unveiling28 green projects seeking investment. At this forum, the city delineated acomprehensive green growth strategy, presenting the aforementioned projectsaimed at bolstering sustainable development within the metropolis.

These 28 green initiatives span various sectors and could beimplemented primarily under the Public-Private Partnership (PPP) Framework andthe pilot execution of specialized mechanisms and policies as outlined inResolution 98/2023/QH15 ("Resolution 98"). This resolution heraldsthe establishment of special economic zones and facilitates the issuance ofgreen bonds and other financial instruments tailored towards eco-friendlyendeavors.

The emphasis on green projects is poised to catalyzesubstantial economic advancement. Through investments in sustainableinfrastructure, Ho Chi Minh City aims to mitigate its carbon footprint, bolsterenergy efficiency, and enrich the overall quality of life for its populace.This visionary approach not only tackles immediate environmental challenges butalso lays the groundwork for sustainable urban development.

The roster of 28 green projects under Resolution 98signifies a bold stride towards transforming Ho Chi Minh City into a beacon ofsustainable urbanization.

Contact us if you need further detailed information on thelisted projects.

Disclaimer: This Legal Update is intended to provide updates on the Laws for information purposes only, and should not be used or interpreted as our advice for business purposes. LNT & Partners shall not be liable for any use or application of the information for any business purpose. For further clarification or advice from the Legal Update, please consult our lawyers: Ms Hoang Quyen at quyen.hoang@lntpartners.com.