Vietnam and Germany signed a EUR272 million agreement in Hanoi on October 11 to implement development cooperation projects and programmes.
Signatories to the document were Deputy Minister of Finance Tran Xuan Ha and German Ambassador Jutta Frasch.Ha said that the German Government is committed to providing EUR22 million in official development assistance (ODA), EUR5 million in non-refundable aid and EUR245 million in development aid to implement the programmes and projects.
He assured that the Ministry of Finance will work closely together with relevant ministries and agencies to use the capital sources effectively, especially investment in social security, environmental protection, transport and vocational training.
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