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Germany pledges 272 mln euro aid to Vietnam

Oct 11th at 21:32
11-10-2012 21:32:36+07:00

Germany pledges 272 mln euro aid to Vietnam

Germany will provide 272 million euros (US$350 million) in aid to Vietnam – the biggest of its kind so far – under an agreement signed Thursday morning between the two governments in Hanoi, the German Embassy said today in a news release.

The funding will be used to carry out seven development projects in vocational training, environmental protection, and energy in the Southeast Asian nation.

This is to help Vietnam implement its green growth strategy, and ensure the nation's development path accords with the environment and society.

Hans-Jürgen Beerfeltz, visiting State Secretary of the German Ministry for Economic Cooperation and Development, appreciated the host’s efforts in its green growth strategy at the signing ceremony.

Sustainable development, in its strictest sense, can only stem from the combination of economic achievements, social equality, and environment-friendly growth, Beerfeltz said.

Germany will continue supporting Vietnam on the green growth way, the Secretary added.

The aid package was previously committed by the German government during negotiations with the Vietnamese counterpart in 2010 and 2011 in the capital city.

Germany is now one of Vietnam's most important bilateral donors.

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