Finland to support green projects in Vietnam

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Finnish President Tarja Halonen Thursday said her country will continue to offer aid to Vietnam for environmentally friendly projects.

Finland will give priority to green technology, afforestation, clean energy and climate change adaptation projects, Halonen said during a meeting with Vietnamese President Nguyen Minh Triet in Helsinki.

Triet was on an official four-day visit to Finland at the invitation of Finnish President Halonen.

He said Vietnam will continue to enhance economic reforms and comply with World Trade Organization commitments. He also said the country will create favorable conditions for Finnish investors, especially in information technology, shipbuilding and green energy sectors.

The two leaders said bilateral trade and investment relations have seen progress but was yet to match potential. Trade between Vietnam and Finland stood at US$230 million last year and Finland's investment into Vietnam was recorded at over $60 million. The two countries expect both figures to reach $1 billion in the next few years.

Vietnam and Finland established diplomatic ties in 1973. Finland has pledged aid of $49.58 million to Vietnam in 2010, according to the government website.

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