Vietnam needs to spend US$368bil to avoid severe climate pain

A file photo of sellers waiting for customers at the Cai Rang floating market on Mekong river, in Can Tho, Vietnam. The country is one of the world’s most vulnerable nations to extreme weather events and rising sea levels. - Reuters

HANOI (Bloomberg): Vietnam should spend US$368bil (RM1.6 trillion) through 2040 to mitigate and adapt to climate change while advancing its development goals, according to a report from the World Bank.

The South-East Asian country, with a population of about 100 million, is one of the world’s most vulnerable nations to extreme weather events and rising sea levels.