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Eight provinces have been used the loan of US. $ 43 million from Denmark Government

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Eight provinces proposed to participate in the project are Son La , Ninh Binh , Nghe An , Quang Nam , Phu Yen , Khanh Hoa , An Giang , Hau Giang with a total estimated investment of US.$ 43 million .

Within the framework of the working and visit of President Truong Tan Sang in the Kingdom of Denmark on Sep. 19, Vice Minister of Construction ( Vietnam ) Phan Thi My Linh and Minister of Development and Cooperation ( Kingdom of Denmark) Christian Friis Bach have signed a memorandum of cooperation in the field of anti- loss of water.

Accordingly, the projects on anti-loss of clean water for a number of cities and provinces in Vietnam will be considered for use of financial loans within the framework of instruments of  business finance of Danish international development agencies ( DANIDA ). Eight provinces proposed to participate in the project are Son La , Ninh Binh , Nghe An , Quang Nam , Phu Yen , Khanh Hoa , An Giang , Hau Giang with a total estimated investment of  US.$ 43 million.

The terms and conditions of the funding will be based on the basis of guidelines and framework prescribed by the Finance Fund of DANIDA. The Board of fund approval of Danida will make a final decision after receiving the suggestion of preferential loans.

Earlier, the Danish government, through DANIDA, has provided development assistance to Vietnam in 1971 and from the year 1990 to become one of the largest donors. A total fund disbursed by DANIDA for Vietnam in period of 2007 - 2012 was EUR 302.9 million ( of which 290.89 million EUR was loan and fund granting was EUR 12.01 million ) .

The Cooperation of Denmark with Vietnam is mainly in the fields of water supply, fisheries, agriculture, environment, responding to climate change, including support for water supply and sewerage sector of about 20 %.

Particularly in the field of water supply and urban sanitation, as reported by the Department of Infrastructure ( Ministry of Construction ), Denmark is one of the largest bilateral donors. Danish Government funded investment projects as well as capacity building for this sector since last 25 years.

Currently, Denmark continues to support for Vietnam in this field, focusing on encouraging adoption of green technology, management skills and contributing to sustainable development.

Source: The investment online

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