An agreement on financial cooperation worth 272 million EUR between the Vietnamese Ministry of Finance and the German Government was signed in Hanoi on October 11.

Under the agreement, the German side will provide Vietnam with 22 million EUR in official development assistance (ODA), 5 million EUR in non-refundable aid, and 245 million EUR in loans.

The provisions will be used for joint development programmes and projects between the two countries in Vietnam, especially on social welfare, environmental protection, traffic infrastructures and vocational training.-VNA