VN, France to sign grant agreements in May

The Vietnamese Ministry of Planning and Investment and the French Development Agency (AFD) will sign two grant agreements to finance technical assistance for Vietnam ’s medical sector and preparatory works for the next generation of AFD’s financing in the country.

The 1 million EUR and 1.5 million EUR agreements will be inked by Minister of Planning and Investment Vo Hong Phuc, General Director of AFD Dov Michel Zerah and French Ambassador to Vietnam Jean-Francois Girault on May 5 in Hanoi .

Accordingly, the 1 billion EUR grant agreement aims to finance the technical assistance dedicated to the setting up and the modernisation of Hanoi University Medical Hospital (CHU). The second grant renews the expertise and capacity building fund (FERC No.2)

The CHU project is part of traditional cooperation activities between France and Vietnam in the medical sector. AFD has forecast a 1 million EUR grant that aims at financing technical assistance at a medical university ò Hanoi Hanoi for the establishment and development of the CHU .

The ambition of the project is high, with improvements the medical training system, as well as research capacities. Especially, an international technical assistance will be financed for three years in order to support Hanoi medical university hospital for this project.

The FERC No.2 is designed to prepare future projects financed by the AFD in Vietnam as well as to monitor the projects, thanks to the technical assistance. This new FERC meets many needs that have already been identified in many fields such as finance, infrastructure and rural development.

With these new financing agreements, the total net commitment of AFD for official development assistance (ODA) in Vietnam will amount to about 1,050 billion EUR. – VIR

Tags: Vietnam France cooperation