Germany Commits to finance Vietnam EUR 350 million for Grid Development

At the signing ceremony of the agreement on financial cooperation between the German Government of and the Vietnamese Government on 5 October, 2016 in Hanoi, the German Government committed to fund EUR 350 million for the Power Grid Efficiency Project in small and medium cities, of which EUR 200 million is for phase I and EUR 150 million is for phase II.

The German Government signing to finance Vietnam EUR 350 million for the Power Grid Efficiency project

Mr. Christian Berger- Germany Ambassador to Vietnam said, this is the largest commitment to have been signed in Vietnam in the framework of the financial cooperation agreement. This commitment confirmed the great efforts of the German Government in helping Vietnam implement the green growth strategy, reform the vocational training and restore a sustainable forest management.

The signing of a financial cooperation agreement also will concretize the financial commitment of the German Government through the signing of the loan agreement and specific financing agreements in the coming time.


  • 06/10/2016 11:00
  • evn.com.vn
  • 1918