Australia pledges $67 mln in aids for Vietnam

Thanh Nien News

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Officials attend the Australia-Vietnam High-Level Consultations on Development Cooperation in Hanoi on July 9, 2015. Photo credit: Australia Embassy Officials attend the Australia-Vietnam High-Level Consultations on Development Cooperation in Hanoi on July 9, 2015. Photo credit: Australia Embassy
The Australian government on Thursday said it will provide Vietnam with an estimated total aids of around A$90 million (US$67 million) during 2015-2020.
Australian Ambassador Hugh Borrowman said that Australia planned to transition from traditional aid to an economic partnership with Vietnam.
Australia “no longer subsidizes essential services through our aid program,” but is moving towards an economic partnership that “shares lessons from Australia’s own reform experiences, finds innovative ways to maximize the reach of public resources and leverages greater private sector investment,” he said.
Australian development cooperation in Vietnam will focus on three priority areas: enabling and engaging the private sector for development, assisting the development and employment of a highly skilled workforce, and promoting women’s economic empowerment, including ethnic minorities, according to a press release by the embassy.

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