UK to end aid to Vietnam by 2016
The UK will end aid to Vietnam by 2016 as a result of
assessing Vietnam’s development situation over past years.
The United Kingdom will end aid to Vietnam by 2016 as a result of
assessing Vietnam ’s development situation over past years.
The announcement was made by the UK Department for International Development (DFID) on March 1 in London after considering the results of the Bilateral/Multilateral Aid Review, which aims to boost effectiveness of Britain ’s aid programme in fighting poverty worldwide.
The Bilateral Aid Review showed that Vietnam is now a vibrant and emerging economy, reaping many remarkable achievements, therefore, the UK will end bilateral development programme in Vietnam by 2016 and redirect aid to poorer countries.
The British Embassy in Hanoi ’s press release on March 2 highlighted that the UK would continue to support Vietnam during the last five years of the 10-year Development Partnership Arrangement (DPA).
Under DPA terms, the UK will continue to help Vietnam meet the Millennium Development Goal (MDG) targets in primary education, sanitation and HIV/AIDS prevention. The aid is expected to flow into emerging issues like climate change, governance, trade and investment.
The announcement of the end of UK aid is being made five years before aid will end in recognition of the respect and trust between the two governments, and the UK will hold further Ministerial conferences to finalise the details of development cooperation in the next five years.
The UK , through the DFID, has provided non-refundable aid worth 380 million British pound (618.7 million USD) to Vietnam through bilateral programme since 1992. In addition, since 2006, 19 million British pound in debt relief has been granted to Vietnam through the Multilateral Debt Relief Initiative for humanitarian efforts./.
The announcement was made by the UK Department for International Development (DFID) on March 1 in London after considering the results of the Bilateral/Multilateral Aid Review, which aims to boost effectiveness of Britain ’s aid programme in fighting poverty worldwide.
The Bilateral Aid Review showed that Vietnam is now a vibrant and emerging economy, reaping many remarkable achievements, therefore, the UK will end bilateral development programme in Vietnam by 2016 and redirect aid to poorer countries.
The British Embassy in Hanoi ’s press release on March 2 highlighted that the UK would continue to support Vietnam during the last five years of the 10-year Development Partnership Arrangement (DPA).
Under DPA terms, the UK will continue to help Vietnam meet the Millennium Development Goal (MDG) targets in primary education, sanitation and HIV/AIDS prevention. The aid is expected to flow into emerging issues like climate change, governance, trade and investment.
The announcement of the end of UK aid is being made five years before aid will end in recognition of the respect and trust between the two governments, and the UK will hold further Ministerial conferences to finalise the details of development cooperation in the next five years.
The UK , through the DFID, has provided non-refundable aid worth 380 million British pound (618.7 million USD) to Vietnam through bilateral programme since 1992. In addition, since 2006, 19 million British pound in debt relief has been granted to Vietnam through the Multilateral Debt Relief Initiative for humanitarian efforts./.
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