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Saturday,  Jan 20,2018,02:43 (GMT+7)

EU supports sustainable energy in rural areas of Vietnam

The Saigon Times Daily
Monday,  Dec 4,2017,18:53 (GMT+7)
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EU supports sustainable energy in rural areas of Vietnam

The Saigon Times Daily

HCMC - Representatives of the Vietnamese Government and the European Union (EU) on December 1 signed an agreement in which the EU provides 108 million euros in assistance for Vietnam to enhance access to sustainable energy in rural areas.

The agreement was signed by Vietnamese Minister of Industry and Trade Tran Tuan Anh and Director-General of the European Commission’s Directorate-General for International Cooperation and Development (DG DEVCO) Stefano Manservisi at the head office of the EU in Brussels, Belgium, Lao Dong newspaper reports.

The 108-million-euro assistance includes 100 million for budget support and 8 million for complementary support. It aims at supporting the Vietnamese Government to implement its program on electricity supply to rural and mountainous areas and islands in the 2016-2020 period across selected provinces.

The program will be carried out in three years, from 2018 to 2020, with 27 sub-projects that will allow Vietnam to provide reliable and sustainable energy to more than 60,000 households.

The program is expected to contribute to the alleviation of poverty in Vietnam and to sustainable and inclusive growth by promoting availability and quality of electricity services in remote areas.

It will also help enhance the governance of the energy sector to facilitate the shift to a more sustainable energy development path, call for investment in the sector, and assist Vietnam in implementing its commitment to reduce energy-related green gas emissions.

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