Australia grants Vietnam US $24 million for transport development

At the signing ceremony Addressing the signing ceremony, Minister of Transport Nguyen Van The emphasized the important significance of transport projects towards sustainably economic development in the country. He added that the signed program would help provide Vietnam with a flexible capital source to ensure the best quality of the projects.  In his speech, Australian Ambassador to Vietnam Craig Chittick said that the program marked a new stage in Australia’s assistance program. The Australian Ambassador underscored that Australia wanted to work with Vietnam to ensure its projects attract international finance and to implement them faster and that it was a vivid evidence of Australia’s economic partnership with Vietnam. Under the signed agreement, Australia will provide capital and other resources for new transport projects in Vietnam, from the concept stage to the start of construction. The program, running from 2018 to 2022, will develop five major road projects in Vietnam. Through the program, coordination between Australian transport organizations and the Vietnamese Ministry of Transport is hoped to be boosted. Translated by Chung Anh


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