Tuesday, April 1, 2014

EU, US plan up to $1bn in aid to Vietnam

The European Union (EU) and the U.S. Agency for International Development (USAID) have announced a plan of up to $1 billion in development aid for Vietnam to improve state governance, healthcare, social welfare, and agent orange/dioxin treatment between 2014 and 2020, the two organizations said last week.
The EU said last Wednesday that it will supply funding worth 400 million euros ($550 million) from now until 2020, up 100 euros (nearly $140 million) compared to the 2007-2013 period. 
David O'Sullivan, Chief Operating Officer of the European External Action Service, said that the EU will continue expanding development aid to Vietnam even in the context that the European economy has yet to fully recover and it has had to reduce assistance to many other countries.
USAID, meanwhile, announced Tuesday last week that it will arrange a budget of at least $344 million for the implementation of three objectives in many areas in Vietnam from 2014 to 2018.
READ MORE: http://tuoitrenews.vn/business/18726/eu-us-plan-up-to-1bn-in-aid-to-vietnam

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