Topic: Mechanisms

Identifying effective mechanisms for successfully introducing a carbon market requires clear regulations, financial incentives, and international collaboration.

Southern city advised to tap mechanisms to draw more investment.

At a working session on the afternoon of October 11, the National Assembly (NA) Standing Committee discussed a government report on the implementation of the national target program on socio-economic development in ethnic minority-inhabited and mountainous areas in the 2021-2030 period. Minister and Chairman of the Committee for Ethnic Minority Affairs Hau A Lenh suggested that it is necessary to prioritize removing obstacles in mechanisms and policies in the process of organizing and implementing the program at all levels. He added that guiding the implementation of investment activities to ensure timely and correct planning should also be focused upon.

The government has decided on a series of specific mechanisms to ensure that construction of three highways begins before June 30, 2023: Khanh Hoa - Buon Ma Thuot, Bien Hoa - Vung Tau, and Chau Doc - Can Tho - Soc Trang Phase 1, with total investment of more than VND84 trillion ($3.5 billion).