The government of Denmark will provide US$ 135 million in official development assistance (ODA) to Viet Nam during the 2011-2012 period, with the funds earmarked for projects that foster green growth.
Work funded by the ODA will include projects on clean water, energy efficiency and research on climate change adaptation. Funding will be provided for improving quality and access to drinking water for poor households while also reducing water loss in the country’s water supply network.
John Nielsen, Danish Ambassador to Viet Nam, said climate change was an area of particular concern.
“Two years ago, Denmark was one of the first sponsors of Viet Nam in the field of climate change, as we know that the country is forecast to suffer great losses caused by climate change,” said Nielsen.
The ODA funding will be combined with transferring high quality, cost-effective and environmentally-friendly technologies from Danish companies to their Vietnamese partners in the waste management, solar energy and wind power sectors.
“We hope to establish partnerships between enterprises from both countries especially in the area of wind power, as it is considered a strength of Danish industry,” said Nielsen.
He added that with 125 Danish companies working in Viet Nam, he believed that it is possible for Danish companies to find suitable Vietnamese partners for the projects.
When implementing the projects benefiting from the ODA, the embassy would make annual check to ensure that the projects reach expected results, he said.