Hungary to provide more ODA for Vietnam By Mong Binh - The Saigon Times Daily HCMC - Hungary plans to provide Vietnam with more official development assistance (ODA) loans to increase its presence in this emerging market. Speaking at the Vietnam-Hungary Business Forum in HCMC on Tuesday, Hungarian ambassador to Vietnam László Vizi said Hungary was in talks to provide a credit of 100 million euro for Vietnam. Garamhegyi, who has been leading a government and business delegation to visit Vietnam since last week, said Hungary was in the process of providing 35 million euro in tied aid credit for public water supply and sewage treatment, and administration in Vietnam under an agreement signed during the Hungarian president's visit to Vietnam last year. Garamhegyi said Hungary had recognized a bigger need for ODA loans. Health has been identified as one that will benefit from Hungarian expertise in constructing and equipping hospitals in addition to education. He told the Daily during the … [Read more...] about Hungary to provide more ODA for Vietnam
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US to raise funding for Vietnam HIV/AIDS prevention
The U.S. will increase financial assistance for Vietnam's HIV/AIDS prevention, care and treatment program from US$25 million to $34 million in 2006, its ambassador in Hanoi said Thursday. Speaking at a two-day international cancer conference, Michael W. Marine said the past 10 years had seen a huge expansion of ties between Vietnam and the U.S. in various areas, including health. The activities include "an HIV/AIDS prevention, care and treatment program, avian influenza pandemic preparedness planning and vaccine development and exchanges of biomedical scientists and researchers," the Vietnam News Agency quoted him as saying. … [Read more...] about US to raise funding for Vietnam HIV/AIDS prevention
New US ambassador set for Vietnam
David Bruce Shear has been appointed by the US Congress to replace Ambassador Michael Michalak to head the US Embassy in Vietnam, news website VnExpress said Thursday. Shear, who was nominated by President Barack Obama late last year, told the Upper House Committee of Foreign Affairs in April that the US should follow the trails blazed by Secretary of State Hillary Clinton during her visits to Hanoi in July and October last year. … [Read more...] about New US ambassador set for Vietnam
WB provides 150 million USD credit for Vietnam’s poverty reduction
The World Bank (WB) will provide 150 million USD as preferential credit loan for Vietnam’s poverty reduction and economic development programmes. Under an agreement signed between State Bank of Vietnam (SBV) Governor Nguyen Van Giau and WB Acting Country Director in Vietnam Martin Rama in Hanoi on July 29, the credit, which is part of the Poverty Reduction Support Credit 7 (PRSC 7) Programme, has a time-limit of 40 years, including a 10-year grace period with an interest rate of 0 percent. The credit shows WB commitment in providing continued support for Vietnam’s economic development and poverty reduction. Together with the WB, 10 bilateral and multilateral donors will co-sponsor the PRSC 7 programme, which is built on the Vietnamese government’s 2006-2010 socio-economic development plan, with a total capital of 220 million USD. While stressing the importance of PRSC 7 for Vietnam’s poverty reduction and sustainable development, SBV Governor Giau highly … [Read more...] about WB provides 150 million USD credit for Vietnam’s poverty reduction
Germany scales down athletic support for Vietnam
The German government has scaled back its support for athletics in Vietnam. The German Olympic Committee and German Athletics Federation told the Vietnam Athletics Federation (VAF) that Germany decided to end its plan to support Vietnamese athletes one year ago, due to a shortage of finances. In November 2009, the Ministry of Culture, Sports and Tourism and the German Embassy in Vietnam signed a four-year cooperation agreement on developing athletics in Vietnam through next year. This plan included training athletic coaches, seeking young talent and organizing annual plans for athletes. Under the agreement, Germany sent decathlete Uwe Freimuth to work as a sports scientist, coach and lecturer in Vietnam. Over the past two years, Freimuth, alongside the VAF and the National Sports Administration, has worked on developing athletics across Vietnam. Under the co-operation agreement, Vietnam athletics was equipped with modern machines such as massage beds and cardiographs, while … [Read more...] about Germany scales down athletic support for Vietnam