New World Citizenship Report 2023 shows HNWIs and mass affluent in search of freedom: CS Global Partners

London, April 26, 2023 (GLOBE NEWSWIRE) — The second edition of the annual World Citizenship Report, reveals how high-net-worth-individuals (HNWIs) and the mass affluent are in search of greater freedoms – whether that means being able to enjoy better social safety and security for oneself and family, increased access to better employment prospects and business opportunities or being able to live in territories with higher social and institutional stability – the post-Covid ‘normal’ has global citizens looking beyond the confines of their own borders when thinking about their own future, and the future of their families.

With so much change happening so rapidly around us – inflation, broader macroeconomic volatility, geopolitical instability, energy uncertainty – it can be challenging to keep up with how all these disparate factors coming to bear on the prevailing attitudes toward global citizenship.

The World Citizenship Report is the world’s first-ever endeavour in investigating the value of citizenship through the lens of the global citizen. It answers how can we keep abreast of the shifting kaleidoscope of citizenship values and priorities using the World Citizenship Index, an innovative tool that takes a holistic approach to rank the world’s citizenships across multiple dimensions.

The World Citizenship Index is the product of a research-driven approach that goes beyond ordinary concepts of passport strength by placing greater emphasis on the diverse attitudes regarding key facets of citizenship. Unlike other rating tools, the World Citizenship Index ranking is designed to reflect a citizenship’s value through the lens of the newest generation of global citizens: the mass affluent population.

Biggest motivators to invest in alternative citizenship include quality of life, safety and security and financial freedom
The World Citizenship Report measures 188 countries across five motivators that are most relevant among the newest generation of global citizens – Safety and Security, Economic Opportunity, Quality of Life, Global Mobility and Financial Freedom.

This year, the Quality of Life ranked in first position of the five pillars, overtaking both Physical Safety and Financial Freedom.

Quality of Life looks at territories’ ability to provide its citizens with essential services required for a good standard of living, including higher standards of education and healthcare facilities.

Monaco, Denmark and Hong Kong took the top three spots in the Quality of Life pillar.

The United States came in at 29th position. African countries took the bottom 10 positions, with Somalia taking 185th place.

We are unfortunately living through a period where the standard of living is falling at the fastest rate in over a generation.

At the end of 2022, the UK Office for Budget Responsibility reported that UK households are set to suffer a 7.1 per cent fall in living standards over the next two years, the largest decline in six decades. And, according to the latest United Nations Development Programme (UNDP) report published at the end of 2022, living conditions in 90 per cent of the world’s countries deteriorated in 2021 – something that hasn’t been seen since the height of the previous global recession caused by the financial crisis in 2007. Moreover, it marked the first consecutive year of decline in the 32-year history of the Human Development Index (HDI).
This data shows why quality of life is so highly coveted among global mass affluents, and indeed all individuals.

The Safety and Security motivator assesses how people in a certain country have the ability to enjoy greater social safety and security for themselves and their families and whether they have a safety net against being trapped in a territory with civil disorder.

Iceland took first place in the Safety and Security motivator, New Zealand came a close second place and Switzerland took third place. Afghanistan scored the lowest in this pillar.

Safety and Security remains an obvious top priority for the average mass affluent global citizen. This comes as no surprise given the uncertain state of the world – one need to look no further than the war in Ukraine as a painful reminder of the relative fragility of peace. Western nations now have a growing preoccupation or sense of danger around the prospect of war, having an active war so close to home compared with conflicts in Asia, Africa, and other parts of the world.

The Financial Freedom motivator measures the ability of a country to provide a favourable and stable regulatory climate for the establishment and functioning of businesses, as well as the holding of personal and business assets.

Denmark, New Zealand and Singapore took the first three spots in this pillar.

The growing desire for citizens to conduct their own financial affairs such as wealth management and estate planning without undue surveillance and burdensome regulations appears to be a feature of the current economic climate. While 43 per cent of World Citizenship Report survey respondents placed the heaviest emphasis on the employment opportunities typically associated with economic performance, those that placed importance on investments, estate planning, and wealth planning combined for a total of 37 per cent.

These sentiments reflect the growing perception that the rising costs of living and broader economic uncertainty are being accompanied by a creeping tax burden as state expenditures continue to escalate due to rocketing debt-servicing costs brought on by a tightening monetary landscape, rapid demographic changes, and other factors.

It must also be noted that governments themselves are being stressed by this tightening fiscal landscape due to the rising costs of servicing their debt – a factor that is fuelling the trend of rising tax burdens globally.

“In the 2022 edition of the World Citizenship Report, we only surveyed high-net-worth individuals (HNWI), this year, we expanded the survey to include a wider audience in order to gain a better perspective of what people prioritise in terms of their own nationality. The expanded audience of over 1000 participants included both HNWIs and the mass affluent from across the globe. Findings from the survey showed that while the research participants came from varied backgrounds and cultures, all with different needs and pain points, they all had one common goal: freedom,” concludes Micha Emmet, CEO of CS Global Partners. 

PR CS Global Partners
CS Global Partners
+44 (0) 207 318 4343
mildred.thabane@csglobalpartners.com

GlobeNewswire Distribution ID 8826229

Crurated Announces 2023 Exclusive Events

Hosted with renowned Producers and Chefs at some of the most prestigious restaurants, Domaines, and hotels Crurated events connect wine lovers to their favorite winemakers

Crurated Winemaker Dinner Featuring Wines from Domaine Pierre Girardin May 17 in NYC
May 17: Crurated will host an unforgettable evening of fine dining and exceptional wines at Legacy Records in New York City. The team, along with the winemaker Pierre-Vincent Girardin, will be serving a variety of wines from Domaine Pierre Girardin all in Magnum size; including Meursault Les Narvaux 2021, Corton-Charlemagne Grand Cru 2021, Pommard 1er Cru Les Rugiens Bas 2021, Vosne-Romanée 2020, Échezeaux Grand Cru 2019, Puligny-Montrachet 1er Cru Les Pucelles 2018, and Bâtard-Montrachet Grand Cru 2020. Participation in this exclusive event is for paying members and by invite only.
Crurated Winemaker Dinner July 11 with Pierre Vincent Girardin from Domaine Pierre Girardin
July 11: Ecologically inspired Sabina Ibiza welcomes Crurated and 16 attendees to their five-star clubhouse for a delicious lunch-time experience. Food will be served from restaurant La Paloma and guests will meet the producers and taste wines from Domaine Vincent Dancer and Domaine Pierre Girardin.
Crurated Winemaker Dinner at Asador Etxebarri October 6 2023.jpeg
October 6: Crurated will host an exclusive winemaker dinner for 12 guests at one of the most celebrated restaurants, Asador Etxebarri, located in the Basque Region, a global gastronomique center of the world. Meet the winemakers and taste a selection of wines from Pomerol’s La Conseillante and Champagne Pierre Péters. Guests will also enjoy a deliciously paired menu from Basque Chef Victor Arguinzoniz.
Crurated Event in Chamgane June 12 -14. Featuring dinner at Billecart-Salmon in Mareuil-sur-Aÿ.JPG
June 12-14: Join Crurated for a special trip for only 10 lucky guests to the Champagne region with visits to top estates. Attendees will also dine at family maisons and exclusive restaurants and meet producers that include Mathieu Roland-Billecart, CEO of Billecart-Salmon, Frédéric Rouzaud, owner of Louis Roederer, Alexandre Chartogne of Chartogne-Taillet, Raphaël Bérêche of Bérêche et Fils, Rodolphe Péters of Pierre Péters. Luxury accommodations will be provided by Residence Eisenhower.
Crurated Winemaker Dinner Featuring Wines from Domaine Vincent Dancer.jpeg
November 6-11: An exclusive group of wine lovers will have the chance to experience winemaker dinners in either Bangkok, Hong Kong, or Singapore with Vincent Dancer of Domaine Vincent Dancer.
Crurated Winemaker Dinner Nov 6 thru 11 in Asia with Vincent Dancer.jpeg
November 6-11: An exclusive group of wine lovers will have the chance to experience winemaker dinners in either Bangkok, Hong Kong, or Singapore with Vincent Dancer of Domaine Vincent Dancer.
Crurated Winemaker Dinner featuring Arnoux-Lachaux wines November 6 thru 11 in Asia
November 6-11: An exclusive group of wine lovers will have the chance to experience winemaker dinners in either Bangkok, Hong Kong, or Singapore with Charles Lachaux of Domaine Arnoux-Lachaux and Charles Lachaux
Crurated Winemaker Dinner November 6 thru 11 in Asia with Charles Lachaux
November 6-11: An exclusive group of wine lovers will have the chance to experience winemaker dinners in either Bangkok, Hong Kong, or Singapore with Charles Lachaux of Domaine Arnoux-Lachaux and Charles Lachaux

LONDON, April 26, 2023 (GLOBE NEWSWIRE) — Crurated, the London-based membership wine community designed to connect connoisseurs with world-class producers, today announced the 2023 schedule of events. Hosted at some of the most prestigious restaurants, Domaines, and hotels in the world, Crurated events connect members with their favorite winemakers. Event attendees also have the chance to taste tailored menus from world-renowned chefs in luxurious environments. To learn more or register visit https://crurated.com/events/.

“Our events are intimate affairs bringing together world renowned producers and the people who love their wines,” said Alfonso de Gaetano, Founder of Crurated. “Our team carefully crafts experiences that are unlike anything people have previously experienced. From one-on-one chats with winemakers to stays at some of the best locations on the planet and food from award winning chefs, these events are not to be missed.”

  • May 17: Crurated will host an unforgettable evening of fine dining and exceptional wines at Legacy Records in New York City. The team, along with the winemaker Pierre-Vincent Girardin, will be serving a variety of wines from Domaine Pierre Girardin all in Magnum size; including Meursault Les Narvaux 2021, Corton-Charlemagne Grand Cru 2021, Pommard 1er Cru Les Rugiens Bas 2021, Vosne-Romanée 2020, Échezeaux Grand Cru 2019, Puligny-Montrachet 1er Cru Les Pucelles 2018, and Bâtard-Montrachet Grand Cru 2020. Participation in this exclusive event is for paying members and by invite only.
  • June 12-14: Join Crurated for a special trip for only 10 lucky guests to the Champagne region with visits to top estates. Attendees will also dine at family maisons and exclusive restaurants and meet producers that include Mathieu Roland-Billecart, CEO of Billecart-Salmon, Frédéric Rouzaud, owner of Louis Roederer, Alexandre Chartogne of Chartogne-Taillet, Raphaël Bérêche of Bérêche et Fils, Rodolphe Péters of Pierre Péters. Luxury accommodations will be provided by Residence Eisenhower.
  • July 11: Ecologically inspired Sabina Ibiza welcomes Crurated and 16 attendees to their five-star clubhouse for a delicious lunch-time experience. Food will be served from restaurant La Paloma and guests will meet the producers and taste wines from Domaine Vincent Dancer and Domaine Pierre Girardin.
  • October 6: Crurated will host an exclusive winemaker dinner for 12 guests at one of the most celebrated restaurants, Asador Etxebarri, located in the Basque Region, a global gastronomique center of the world. Meet the winemakers and taste a selection of wines from Pomerol’s La Conseillante and Champagne Pierre Péters. Guests will also enjoy a deliciously paired menu from Basque Chef Victor Arguinzoniz.
  • November 6-11: An exclusive group of wine lovers will have the chance to experience winemaker dinners in either Bangkok, Hong Kong, or Singapore with Vincent Dancer of Domaine Vincent Dancer and Charles Lachaux of Domaine Arnoux-Lachaux and Charles Lachaux. More details about these exclusive events will be available in the coming weeks.

Watch the Crurated social media channels and register at Crurated.com to become a member and stay up to date.

About Crurated
Launched in 2021 with an emphasis on France and Italy, Crurated is a membership-based wine community designed to connect connoisseurs with world-class producers. A team of specialists provides personalized services and authentic experiences, while Crurated’s seamless logistics service guarantees quality and provenance thanks to secure wine cellar storage and innovative blockchain technology. To become a member visit crurated.com.

PR Contact
Michael Volpatt
Michael@larkinvolpatt.com
415.994.8864

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Modelo® and Mexican Actor Jaime Camil Team Up to Inspire Fans to “Cinco Auténtico” with Virtual Modelo Mercado and “Museum of Cinco” in Los Angeles

The #1 Mexican import beer brand in the U.S. reunites with small businesses to infuse authenticity into Cinco de Mayo celebrations

Modelo Mercado

Modelo® and Mexican Actor Jaime Camil Team Up to Inspire Fans to “Cinco Auténtico” with Virtual Modelo Mercado and “Museum of Cinco” in Los Angeles

CHICAGO, April 26, 2023 (GLOBE NEWSWIRE) — As the beer born in Mexico nearly 100 years ago, Modelo is bringing back its “Cinco Auténtico™ campaign to spotlight Mexican traditions, artistry and culture, and help fans authentically celebrate Cinco de Mayo. Fans can “Cinco Auténtico” with the return of the Modelo Mercado, a limited-time online marketplace filled with authentic Mexican products made by Mexican and Mexican American artisans. New this year, the Modelo Mercado will come to life at the brand’s first “Museum of Cinco” at the Placita Olvera Cinco de Mayo Festival in Los Angeles on May 7. The educational and engaging pop-up will highlight the history of the holiday and feature a collection of decor, traditional clothing, pottery, and other crafts, curated by Mexican actor, producer and TV personality, Jaime Camil.

As this year marks the 160th anniversary of Cinco de Mayo celebrations in the U.S.1, Modelo aims to honor the tenacious and bold story of the holiday at the thriving Los Angeles street festival that brings together some of the best aspects of Mexican American culture. The “Museum of Cinco” will display unique creations from the Modelo Mercado artisans and provide historical and cultural context on the holiday to enhance fans’ Cinco de Mayo celebrations through acknowledgment of the day’s history.

“Cinco de Mayo is an important but often misunderstood holiday, so Modelo and I are helping fans celebrate authentically and gain a better understanding of the day’s roots,” said Camil. “Los Angeles has ties to the beginning of Cinco de Mayo celebrations, so we’re elevating the city’s rich cultural history at the ‘Museum of Cinco’ and honoring artisans who beautifully showcase the vibrancy of Mexican heritage through their craft.”

Fans 21+ can visit the interactive, educational pop-up on historic Olvera Street in Los Angeles on May 7 from 12 – 6 p.m. PDT. For more information on the festival, visit https://bravogroupla.org/.

Fans outside Los Angeles can “Cinco Auténtico” and purchase hand-crafted goods for Cinco de Mayo celebrations by visiting the Modelo Mercado vendors’ websites through the Modelo Instagram page today through May 7. The limited-time online platform features six Mexican American small businesses from around the country who embody the Mark of a Fighter and honor Mexican American culture through the items they create and sell.

  • Discover Mas (Saline, Michigan) works closely with Mexican artisans in Zinacantan, Chiapas to create traditional, one-of-a-kind Mexican textiles, as well as home decor, clothing, accessories, jewelry and more.
  • Guelaguetza Designs (Grand Rapids, Michigan) provides an array of colorful decor pieces including coaster sets, clay vases and table runners. The founder Nancy collaborates with Mexican artisans to inspire her collections.
  • My Mercado Mexican Imports (Rio Hondo, Texas) offers handmade paper decorations including multicolor flowers and banners to liven up authentic Cinco de Mayo parties.
  • Artesanias Mexicanas (Fort Worth, Texas), specializes in finding craftspeople who follow generations-old traditions from across Mexico and offers a collection of pottery and handmade crafts.
  • Jumping High (Los Angeles, California) features its collection of handcrafted pottery with design inspirations from various areas of Mexico.
  • Mexico By Hand (Berkeley, California), an established reseller of Mexican artisans, highlights a special collection of intricately detailed pottery and tableware that are perfect for authentic Cinco de Mayo celebrations.

“As a cerveza rooted in Mexican heritage, Modelo continues its ‘Cinco Auténtico’ campaign to encourage genuine cultural appreciation and understanding of Cinco de Mayo,” said Greg Gallagher, Vice President Brand Marketing, Modelo. “We’ve reunited with the Modelo Mercado merchants to not only amplify their goods online, but to bring them to the center of one of the biggest Cinco de Mayo celebrations – in an area with one of our largest fanbases – as part of our effort to offer consumers additional easy yet intentional ways to learn about and honor Mexican American culture.”

Through its efforts, Modelo aims to show fans that there are plenty of ways to “Cinco Auténtico,” including drinking auténtico with the beer born in Tacuba, Mexico. While Modelo Especial leads as the #1 import beer in the U.S.2, the brand continues to innovate with new products that celebrate the strong Mexican culture seen throughout the U.S., including the recent introduction of Modelo Oro, Modelo Spiked Aguas Frescas, Modelo Chelada Sandía Picante, Modelo Chelada Especial 12 ounce 12 packs and more.

For more information and to purchase items from the Modelo Mercado, visit @ModeloUSA on Instagram.

About Modelo®
Born in 1925 in the small town of Tacuba, Mexico, Modelo has been bringing distinctive high-quality beer to people ever since, including Modelo Especial®, Modelo Negra®, a flavorful lineup of Modelo Cheladas, and new this year, Modelo Oro – a golden light beer deserving of the Modelo name. As the #1 imported beer in the U.S., Modelo Especial recently surpassed 150MM cases sold in 2021. The Modelo family of beers are exclusively brewed, imported, and marketed for the U.S. by Constellation Brands.

Contact:
Constellation Brands
Stephanie McGuane
stephanie.mcguane@cbrands.com

1 SOURCE: https://indianahistory.org/blog/the-real-history-behind-cinco-de-mayo/
2 Source: IRi Total MULO + C L52 w/e 1/1/23

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GlobeNewswire Distribution ID 8825692

Publication of 2022 Annual Report of Azerion Group N.V.

Amsterdam, 26 April 2023 – Azerion has published its annual report and audited financial results for the full year 2022 for Azerion Group N.V.. The Annual Report can be found at https://www.azerion.com/reports/.

Following the legal merger between Azerion Group N.V. and Azerion Holding B.V. effective as of 1 January 2023, Azerion Group N.V. absorbed all rights and obligations of Azerion Holding B.V.. The financial statements published in the annual report and full year figures are those of the surviving entity Azerion Group N.V..

About Azerion

Azerion is a high-growth digital entertainment and media platform. As a content-driven, technology and data company, Azerion serves consumers, digital publishers, advertisers, and game creators globally. Azerion’s integrated platform provides technology solutions to automate the purchase and sale of digital advertising for media buyers and sellers, supported by in-market sales and campaign management teams. Through our technology, content creators, digital publishers and advertisers work with Azerion to reach the millions of people across the globe that play Azerion’s games and view its distributed entertainment content to increase engagement, loyalty, and drive e-commerce.

Founded in 2014 by two Dutch entrepreneurs, Azerion has experienced rapid expansion driven by organic growth and strategic acquisitions. Azerion is headquartered in Amsterdam, the Netherlands and is a publicly traded company listed on Euronext Amsterdam.

For more information visit: www.azerion.com

Contact:
Investor Relations
ir@azerion.com

Media
press@azerion.com

DISCLAIMER

The companies in which Azerion Group N.V. directly and indirectly owns investments are separate legal entities. In this announcement “Azerion”, “Azerion Group”, “Company” and “Group” are sometimes used for convenience where references are made to Azerion Group N.V. and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Azerion Group N.V. and its subsidiaries in general or to those who work for them.

This press release is for information purposes only. The information contained in this press release does not purport to be full or complete and, in particular, is not intended to form the basis of any investment decision. No reliance may be placed by any person for any purpose on the information contained in this press release or its accuracy, fairness or completeness. Azerion will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided.

This press release may include forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Words and expressions such as believes, estimates, plans, projects, anticipates, expects, intends, may, will, should or other similar words or expressions are typically used to identify forward-looking statements. Forward-looking statements are subject to risks, uncertainties and other factors that are difficult to predict and that may cause the actual results of Azerion to differ materially from future results expressed or implied by such forward-looking statements. Any forward-looking statements reflect Azerion’s current views and assumptions based on information currently available to Azerion’s management. Forward-looking statements speak only as of the date they are made, and Azerion does not assume any obligation to update such statements, except as required by law. No assurances can be given that the forward-looking statements will be realised. No representation or warranty is made that any of these forward-looking statements will come to pass or that any estimated result will be achieved. Accordingly, no undue reliance should be placed on any forward-looking statements.

GlobeNewswire Distribution ID 1000806255

Kiplin Metals Seeks Geophysical Permits for the Cluff Lake Road (“CLR”) Uranium Project in Saskatchewan

Satelite image of Kiplin Metals’ The Cluff Lake Road (CLR) Project

The Cluff Lake Road (CLR) Project, 5km east of Cluff Lake Road, covers approximately 531ha in the southwestern Athabasca Basin in northern Saskatchewan, where several new discoveries have been made.

VANCOUVER, British Columbia, April 26, 2023 (GLOBE NEWSWIRE) — Kiplin Metals Inc. (TSX-V: KIP) (the “Company” or “Kiplin”) is pleased to declare that its consultants, Grander Exploration, will be applying for the required exploration permits for the Company’s summer geophysical program at the Cluff Lake Road (CLR) uranium project in northwestern Saskatchewan.

The CLR property belonging to the Company is encircled by F3 (“F3”) Uranium Corp.’s (formerly Fission 3.0) high-profile Paterson Lake North (PLN) project. F3 announced the discovery of the JR high-grade uranium zone in November 2022, with reported intersections (refer to F3 press release dated Feb. 6, 2023) in drill hole PLN22-038, consisting of 11.0 meters averaging 4.20 percent triuranium octoxide, including a 4.5-meter interval averaging 9.8 percent U3O8, indicating the existence of the newest basement-hosted uranium deposit in Athabasca, similar to Fission Uranium Corp.’s Triple R uranium deposit.

Kiplin’s summer program will encompass a minimum of 8 line-kilometres of Induced Polarization (IP) resistivity geophysical surveying, running roughly in an east-west direction. The Saskatchewan Ministry of Environment will be approached for the necessary permits, and the Company will initiate engagement and consultations with its indigenous partners and stakeholders, which will continue throughout the phases of permitting, exploration, and closure. The Company will provide updates on the scheduling of its permitting and work program as and when they are available.

Dr. Peter Born, PGeo, is the designated qualified person as defined by National Instrument 43-101 and is responsible for and has approved the technical information contained in this release.

About Kiplin Metals Inc.
Kiplin Metals Inc. is a mineral exploration company that aims to generate value for its shareholders by identifying and pursuing highly promising mineral exploration prospects. Our approach is to advance our projects from discovery to production, employing a vertically integrated strategy that enables us to deliver exceptional shareholder value throughout the entire mining process life-cycle.

Kiplin MineCluff Lake Road Uranium Project. Kiplin Metals has the right to earn a one-hundred percent interest in the Cluff Lake Road Uranium Project (the “CLR Project”). The CLR Project covers ~531 ha in the southwestern Athabasca Basin in northern Saskatchewan, where several new discoveries have been made, including the Arrow and Triple R Uranium deposits. The CLR Project is 5 km east of the Cluff Lake Road (Hwy 955), which leads to the historic Cluff Lake Mine, which historically produced approximately 62,000,000 lbs of yellowcake uranium.

For further information, contact the Company at info@kiplinmetals.com, or visit the Company’s website at www.kiplinmetals.com.

On behalf of the Board,

Kiplin Metals Inc.

For further information, contact the Company at 604-622-1199.

On behalf of the Board of Directors,

“Peter Born”
Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

Contact Data

CONTACT:

MRKT360 INC

https://mrkt360.com

Alex Zertuche

alexz@mrkt360.com

For E.S.T Office Hours, Call 1 416-477-0587

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GlobeNewswire Distribution ID 8825167

Deputy PM hosts WB Country Director for Vietnam

Deputy Prime Minister Tran Hong Ha received World Bank (WB) Country Director for Vietnam Carolyn Turk in Hanoi on April 26

Informing his guest on Vietnam’s significant demand for preferential credit, Ha hoped that the WB will support the country in projects on carbon neutralisation and sequestration via afforestation, emission reduction in agricultural production, carbon capture, and green transport development, among others, thereby speeding up the energy transition in Vietnam.

Emphasising the great potential for cooperation in the fields of energy transition and climate change response, the Deputy PM suggested that the bank support and arrange loan sources for and share experience with Vietnam, help the country improve its capacity and complete related necessary legal framework, and offer it projects of economic and environmental significance for sustainable development.

Turk told her host about the progress of preparation and development of the WB Group’s Country Partnership Framework (CPF) with Vietnam for 2023-2027, which includes a pillar on improving resilience to climate change, especially in the Mekong Delta and other vulnerable geographical areas; green investments; and the transition to a low carbon economy.

She said in the past 25 years, the WB has provided significant financial assistance to the Government of Vietnam, about 25 billion USD.

Appreciating Vietnam’s solutions and orientations in renewable energy development serving the meeting of the net-zero emission goal, the WB official affirmed that her bank will support the Southeast Asian nation to soon form a voluntary carbon credit market.

The WB will also continue to accompany the Vietnamese Government in the upcoming development journey with active support for the building of the Vietnam 2045 Report, helping the country achieve its targeted development goals, she stated.

Source: Vietnam News Agency