The Asian Development Bank (ADB) on Friday announced a US$430,000 technical assistance grant for Viet Nam to make regional cooperation more effective.
The technical assistance supports the Vietnamese Government’s new Socio-economic Development Plan 2006-2010, and promotes ADB’s new strategy and program for 2007-2010 in Viet Nam.
“Strengthening and expanding Viet Nam’s capacity for regional cooperation coordination will be a key challenge facing the government in implementing its new socio-economic development plan,” Christopher Hnanguie, the Programs Economist responsible for this technical assistance, said in the ADB statement.
The Vietnamese Government will contribute an equivalent of US$105,000 toward the project’s total estimated cost of US$535,000. The Ministry of Planning and Investment is the executing agency for the project, which will be carried out over 18 months.