Germany pledges over 113.5 million EUR in ODA for Vietnam

Germany has pledged to provide 50 million EUR (58.8 million USD) in official development assistance (ODA) loans and another 63.559 million EUR in non-refundable ODA for 14 technical assistance and investment projects in Vietnam this year.

The commitment was made during a recent governmental-level meeting on the Vietnam - Germany development cooperation in 2021 held via videoconference, according to the Ministry of Planning and Investment (MPI).

Among the beneficiary projects, the one on building a centre for epidemic forecasting and management proposed by the Health Ministry as an emergency response to the COVID-19 pandemic will receive 15 million EUR in non-refundable ODA.

The MPI said the German Government views Vietnam as a “global partner” in development cooperation under the new BMZ 2030 strategy.

During the meeting, attended by Director of the MPI's Foreign Economic Relations Department Pham Hoang Mai and Director for Asia at the German Federal Ministry for Economic Cooperation and Development Gisela Hammerschmidt, the German side expressed their wish to enhance cooperation with Vietnam in handling global issues like climate change, environmental protection, and global economic stabilisation.

The European country also agreed to reinforce ties in health care to help Vietnam cope with COVID-19, the MPI added.

Source: Vietnam News Agency