AFD role in Vietnam’s development praised

Deputy Prime Minister and Foreign Minister Pham Gia Khiem has praised the role of the French Development Agency (AFD) in Vietnam ’s development.
Deputy Prime Minister and Foreign Minister Pham Gia Khiem has praisedthe role of the French Development Agency (AFD) in Vietnam ’sdevelopment.

Deputy PM Khiem made the appraisal while receiving in Hanoi on May 6AFD General Director Dov Zerah, who attended the 44th ADB annualmeeting, which was freshly closed in Hanoi .

He named AFD’scontributions to poverty reduction, rural development, infrastructureconstruction, institutional building and finance in Vietnam ,highlighting major projects which were important to the country’ssocio-economic development, like the Hanoi urban railway route andthe Huoi Quang hydropower plant.

Deputy PM Khiem asked AFD tocontinue assisting Vietnam in coming years, expanding to the fieldsof training human resources and teaching French.

He highlyappreciated the friendship and multifaceted cooperation between Vietnamand France , as well as the leading European economic, investment andtrade partner of France in Vietnam .

Zerah affirmed thatVietnam was one of five largest partners of AFD in the world besidesMorocco , Tunisia , Turkey and South Africa , and praised Vietnamfor standing in the group of favoured emerging markets (CIVETS) alongwith Colombia , Indonesia , Egypt , Turkey and South Africa .

“AFD considers cooperation with Vietnam as a priority,” he said.

He said that besides its large commitments on financial assistance, AFD’s disbursement is higher than the average rate.

He expressed his pleasure at the diversification of cooperation between AFD and Vietnam .

Earlier, on May 5, AFD signed three financing agreements with a combined capital of 22 million EUR with Vietnam. /.

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