Germany to grant $598m for development projects
17/10/2011 08:26 am
News - Germany will provide Viet Nam with financial assistance totalling US$598 million for development of infrastructure and human resources, the German Embassy in Ha Noi has announced.
A co-operation agreement was signed on Monday, witnessed by visiting German Chancellor Angela Merkel and Vietnamese Prime Minister Nguyen Tan Dung, creating the foundation for German assistance to eight bilateral development projects in Viet Nam, a press release from the embassy said.
The assistance would be focused on environmental protection, adaptation to climate change, urban development, energy, job training and healthcare.
German Development Bank KfW will be responsible for disbursing the money to the projects, which come within the framework of the negotiations between the two governments in Bonn in October 2010.
With the assistance, Germany will retain its status as one of the major donors to Viet Nam.
A co-operation agreement was signed on Monday, witnessed by visiting German Chancellor Angela Merkel and Vietnamese Prime Minister Nguyen Tan Dung, creating the foundation for German assistance to eight bilateral development projects in Viet Nam, a press release from the embassy said.
The assistance would be focused on environmental protection, adaptation to climate change, urban development, energy, job training and healthcare.
German Development Bank KfW will be responsible for disbursing the money to the projects, which come within the framework of the negotiations between the two governments in Bonn in October 2010.
With the assistance, Germany will retain its status as one of the major donors to Viet Nam.
Source: VNS
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