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Hanoi, 07/12/07: The UK Department of International Development (DFID) today announced that it would provide grant aid worth £50 million (about US $100 million) for Vietnam in 2008.
This maintains the UK’s position as one of Vietnam’s largest grant donors and shows the UK’s recognition of Vietnam’s development progress so far and its confidence in Vietnam’s future.
Donal Brown, head of DFID Vietnam, said: ”2007 has been the year of WTO accession. Joining the WTO has opened up huge opportunities for Vietnam and its people.”
“DFID’s job is to support Vietnam’s Government, institutions and civil society to take advantage of these opportunities and address major social and environmental challenges, he added.
In 2006, the first ever 10-year Development Partnership Arrangement (DPA) 2006-2015 was signed between the Government of Vietnam and DFID, committing financial support of £250 million (US $500 million) over next five years. Since 1992, DFID has provided grant aid worth about US $450 million to Vietnam.
VietNamNet Bridge
12/11/2007
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