German fund support Vietnam’s green growth

July 30, 2013 | 14:38

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The German government has given Vietnam a big sum of money to support the Southeast Asian nation’s green growth scheme.

Germany’s Federal Ministry for Economic Cooperation and Development and Vietnam’s Ministry of Planning and Investment has just concluded a Bonn-based negotiation on development cooperation and inked a deal in which German would provided Vietnam with $71.2 million euros ($92.56 million) to support its environmental protection, energy development and vocational training.

With this sum, the German side will assist Vietnam in strengthening its path to become an industrialised nation.

“When Germany supports Vietnam in the energy sector, protecting coastal areas and biodiversity, its support not only goes to Vietnam, but also aims to protect the globe’s environment,” said Dirk Niebel, Minister for Economic Cooperation and Development.

Germany will also support Vietnam in boosting vocational training courses which are closely linked with enterprises’ demand. “This will also help Vietnam improve its business competitiveness in the Southeast Asian region,” Niebel said.

By By Nguyen Thanh

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