The funding amount was released at a conference on reviewing the implementation of the National Plastic Action Partnership (NPAP) held in Hanoi on July 9.
The plan sets ambitious goals to be achieved by 2030, including a capacity to handle 5.1 to 6.6 million tons of cargo, 3,500 to 4,700 TEUs of container cargo, and to accommodate 49,600 to 56,300 passenger arrivals per year.
The development process referenced the corresponding training program requirements of developed economies and territories such as the United States, Germany, France, the Netherlands, Japan, South Korea, and Taiwan.
South Korea is currently the biggest foreign investor in Vietnam, with a total registered investment capital reaching over $92 billion in 10,128 projects.
The latest ruling suggests that Vietnamese enterprises may continue participating in the US certification mechanism by demonstrating compliance, cooperating with authorities.
Vietnam is pursuing an expansionary fiscal policy, which includes tax reductions for businesses and extensions on tax and land rent payments to stimulate development.