CPV: The agreement on financial cooperation between Vietnam and Germany was signed by Vietnamese Minister of Finance Le Thi Bang Tam and German Ambassador to Vietnam Christian Ludwig Weber Lortsch on November 3rd in Hanoi.
Under the agreement, the German government will grant 14.63 million euros to programmes and projects in the fields of vocational training and national resource protection in Vietnam. Of the figure, 6.63 million euros will be preferential loans, and 8 million euros will be non-refundable assistance.
The capital is part of assistant capital of the Germany to Vietnam this year, which is about 35 million euros, including 26.63 million euros of preferential loans and 8.37 million euros of non-refundable assistance.
Speaking at the ceremony, Ambassador Christian Ludwig Weber Lortsh stressed that the fund will focus on Vietnamese resources, especially Phong Nha – Ke Bang ecological part in the central province of Quang Binh. In addition, the fund will support to protect animal and botanical genes as well as human environment of the region.
Since development assistance was resumed in 1990, the German government has made available some 700 million euros in support of Vietnam. Cooperation focuses on supporting for economic reform and transition to a market economy, vocational and technical education, conservation, and sustainable use of natural resources, including water supply, sewage and waste disposal, health, family planning and HIV/AIDS prevention.
Germany is one of Vietnam's largest bilateral donors, German development assistance commitments in 2004 amounting to about 43 million euros, 35 million euros of which for financial cooperation and 8 million euros for technical cooperation.