14:42 | 09/10/2015 Investment
(VEN) - The Australian Government has released its Aid Investment Plan (AIP) for Vietnam 2015-20, reaffirming Australia’s commitment to Vietnam’s sustainable development.
The AIP, which reflects the changing socio-economic landscape in Vietnam and aligns with the priorities identified in Vietnam’s Socio-economic Development Strategy (SEDS) 2011-2020, has three key objectives: 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.
“The new AIP is a strong manifestation of Australia’s support to Vietnam in its new phase of economic development. We remain committed to Vietnam’s sustainable economic growth as well as to delivering a high-quality, focused aid program,” said Australian Ambassador to Vietnam HE Mr Hugh Borrowman.
“By helping to stimulate the private sector, up-skill the workforce, and support inclusive growth, we will contribute to achieving our shared, overarching goal of promoting prosperity and reducing poverty in Vietnam.”
Australia has a long history of providing effective development assistance to Vietnam, including supporting the construction of two critical bridges which link people and markets in the Mekong Delta to the rest of South East Asia – the My Thuan Bridge and the Cao Lanh bridge, currently under construction. Australia has also provided more than 5,700 scholarships for Vietnamese students to study in Australia and contributed to enabling 82 percent of the rural population to have access to hygienic water thanks to its support for the national water supply and sanitation program.
In the financial year 2015-16, Australia will provide Vietnam with an estimated total ODA of AUD89.6 million, of which AUD58.4 million will be direct bilateral aid.
For further information about the new AIP, please visit: http://dfat.gov.au/about-us/publications/Pages/aid-investment-plan-aip-vietnam-2015-16-to-2019-20.aspx
For further information about Australia’s Aid Program in Vietnam, please visit: http://dfat.gov.au/geo/vietnam/development-assistance/Pages/development-assistance-in-vietnam.aspx