Canadian Minister of International Development and La Francophonie Marie-Claude Bibeau (L) and Deputy PM Pham Binh Minh at a reception in Hanoi (Source: VNA)
Hanoi (VNA) – Canada will support a development project that will contribute to sustainable economic growth and improve the lives of the poorest and most vulnerable people in Vietnam .

The announcement was recently made by Marie-Claude Bibeau, Canadian Minister of International Development and La Francophonie, reported Sai Gon Giai phong (Liberated Saigon) newspaper.

Accordingly, the Canadian Government will contribute 18.1 million USD over 2016-2021 to a project strengthening the People’s Credit Fund (PCF) Network under the Développement International Desjardins organisation.

The project will provide training and expertise to the financial cooperatives sector with the aim to expand financial products and services that help clients strengthen their productivity and incomes.

Canada pledged to support poverty reduction and sustainable economic growth in Vietnam through improving banking system and increasing access to agricultural financing.

The country also reaffirmed to help Vietnam fight the effects of climate change, especially those on the poorest and most vulnerable people.-VNA