AFD in Vietnam

AFD in Vietnam

AFD’s contribution to Vietnam’s development targets

AFD has financed 43 projects since 1994 and is today targeting 100 million euros of annual commitments in loans. Our financing is in the form of “untied aid” and is open to international bidding.

AFD’s aid is defined in the partnership agreement between France and Vietnam. Our actions are set out in the Partnership Framework Document (PFD) signed between France and Vietnam in 2006.

AFD’s action within the framework of the 2011 - 2015 National Socio-Economic Development Plan is based on 4 cornerstones for this period:

  1. To develop and modernize financial, banking and non-banking sectors
  2. To support decentralization and local authorities
  3. To adapt urban infrastructure and public market services
  4. To promote a new dynamic in rural economies
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Our impacts in Vietnam

11.3 million people have gained benefits thanks to AFD financing in Vietnam over the past six years (745M euros for 2004-2010). 8 million homes in the country will eventually benefit from financing which focuses on:

  • The construction of 1,764 km of land routes
  • Projects to support agriculture which will benefit 947,500 people, including the development of 70,800 ha of new or rehabilitated irrigated areas
  • Drinking water supply for 966,000 people
  • Vocational training for 51,645 people

AFD’s mission

Agence Française de Développement is a public establishment with a mission of general interest: development financing. As a specialized financial Institution it supports economic and social projects in public and private sectors: infrastructure and financial systems, urban and rural development, education and health. Today AFD operates in over 60 countries all over the world.

 

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Contribution to AFD’s global targets

AFD’s vision and contribution to development for the next 5 years has been defined in terms of the rapidly changing global context and the complexity and diversity of situations. This strategy integrates issues relating to sustainable development and an accountable management of its results.

Three global objectives will gradually have an impact on AFD’s partnership with Vietnam:

  1. To work with all development actors, including newcomers
  2. To catalyze and mix various sources of financing
  3. To promote sustainable development at local levels and at the same time work for Global Public Goods
     
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