The
French Development Agency (AFD) will provide 20.5 million EUR to urban
development investment funds of Danang and Can Tho cities of Vietnam.
Agreements to these effects were signed in
Paris on November 22 within the framework of the France-Vietnam high- level
council for economic cooperation development, which is being held in Paris from
November 21-25.
Of the sum, 500,000 EUR will be non-refundable
aid from the French government.
The finance aims to help the two Vietnamese
cities implement socio-economic development goals and cope with challenges
rising from urban development as well as carry out measures to fight climate
change.
Speaking at the signing ceremony, AFD director
Dov Zerah said despite meeting many difficulties from the financial crisis in
France and Europe, AFD pledged not to reduce assistance to Vietnam.
Vietnamese Deputy Minister of Planning and
Investment Cao Viet Sinh informed the AFD about Vietnam’s development targets
and stressed that Vietnam encourages the development of the cooperation between
the state and private sectors to mobilise all resources in the common difficult
situation and invited the French side to take part in the model.
AFD is also the first donor assisting urban
development investment funds in Vietnam since 2006.
VIR - VNA
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