EU, France back Vietnam in fight against climate change
The European Union and the French Development Agency (AFD) have established a 20-million-euro ($21.5 million) fund to help Vietnam deal with climate change.
The EU will provide the money as a non-refundable grant to the AFD to run the fund. The latter will in turn provide loans for strategic projects in Vietnam to improve the management of water and other resources and respond to challenges like floods and coastal erosion that climate change exacerbates.
EU ambassador to Vietnam, Giorgio Aliberti, who signed an agreement for the fund with Fabrice Richy, director of AFD, in Vietnam on Monday, said: “Adaptation to climate change is crucial for the sustainability of Vietnam’s development, and water and natural resources are a key element of it.
Nguyen Quy
