Germany Pledges EUR300M for Vietnam in Next Two Years

The German government will fund EUR300 million for Vietnam next two years, Secretary of the National Economic Cooperation and Development Gudrun Kopp said at a recent negotiation with the Vietnamese government in Hanoi. The fund will help Vietnam enhance law, jurisdiction principles protection, administrative procedures reform and anti-corruption projects, Kopp said. He added that two countries will also boost cooperation in environmental and natural sources protection and vocational training. The European country has pledged a total EUR1 billion in official development assistance (ODA) for development projects in the Southeast Asian country since 1990. At the Consultative Group Meeting held last year, Germany pledged EUR137 million in aid for Vietnam in 2010, accounting for 12.7% of EU’s total aid for the nation this year. (Thoi bao Kinh te – Economic Times Oct 28 p3)