France loans Vietnam 20 mln euro to improve climate change response

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Vehicles struggle through a flooded road after downpours in Ho Chi Minh City in 2010. Photo by Dinh Phu Vehicles struggle through a flooded road after downpours in Ho Chi Minh City in 2010. Photo by Dinh Phu
Vietnam will receive a 20 million euro loan from France for the implementation of a program to efficiently response to climate change, according to an agreement signed by the French Development Agency and Vietnam's finance ministry on Tuesday.
Since 2009, the Support Program to Respond to Climate Change (SP-RCC) has contributed to create a platform of discussion between the donors and the Vietnamese government about climate change issues.
Funds for the program are used to boost the implementation of public policies and reforms to efficiently response to climate change and promote low carbon development.
In addition to the fund, the French Development Agency (AFD) will also offer technical assistance to help the Vietnamese government define targets and action plans for efficient usage of energy in the steel sector, and in buildings in central Da Nang City, as well as organize thematic seminars to share experience of France and Vietnam on public spending on climate and renewable energies.
AFD has so far contributed to the SP-RCC program total 80 million euros.
Between 2006 and 2013, AFD provided 382 million Euros to Vietnam through 14 development projects which aim at dealing with climate change.

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