Environment

Denmark assists Vietnam in energy saving

The Danish Embassy signed a framework agreement with the ANZ bank in Vietnam in Hanoi on December 2, giving the bank the management of the embassy’s fund for promoting energy saving in Vietnam.
The Danish Embassy signed a framework agreement with the ANZ bank inVietnam in Hanoi on December 2, giving the bank the management of theembassy’s fund for promoting energy saving in Vietnam.

The6.5 million USD fund was set up to help small- and medium-sizedenterprises (SMEs) in Vietnam improve energy use efficiency and adoptsustainable clean technologies.

The Danish Ambassador toVietnam, John Nielsen said the fund is part of Denmark’s aid package of11 million USD to projects in energy saving for Vietnamese SMEsoperating in brick making, ceramic production and food processing.

Theambassador hoped that the support would help to enhance the SMEs’awareness about energy saving and encourage them to realise new ideasand innovations.

Qualified projects proposed by SMEs will beable to borrow from commercial banks with half of the loans provided bythe Danish Embassy’s fund.

The funding scheme will be valid from January 2015 to June 2017.-VNA
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