Ministry of Planning and Investment Portal

Deputy minister Tran Quoc Phuong (right) and KfW Director for Europe and Asia Stephan Opitz. Photo: MPI

Deputy Minister Phuong took the occasion to thank the German Government, through KfW for its support for Vietnam over the past time. Vietnam has received crucial assistance in terms of resources from bilateral and multilateral partners, including from Germany and KfW to recover and develop better from the pandemic.

KfW’s goals and orientations are in line with Vietnam’s priorities of official development assistance (ODA), concessional loans and socio-economic development goals. The deputy minister said, projects sponsored by KfW achieved positive outcomes and contributed to the development of Vietnam. Notably, Vietnam recorded a strong commitment of six development banks, including KfW, for sustainable development projects in the Mekong Delta.

For his part, Stephan Opitz congratulated Vietnam on outstanding achievements has recorded in the socio-economic development. He emphasised, KfW is the German state-owned development bank and actively supports the Vietnamese Government to perform projects on infrastructure investment, climate change response and achieve its commitments.

With experience from domestic and European financial and investment activities, KfW will transfer technology and share its experience with Vietnam in economic restructuring. KfW stands ready to support Vietnam in developing renewable energy, clean energy and pleases to become a partner of Vietnam.

German Ambassador to Vietnam Guido Hildner is delighted at the long-term and traditional partnership between Vietnam and Germany over the past decades and wished to promote the two countries’ relations in a more substantial manner. Ambassador Hildner believed that the relationship of Vietnam-Germany and the Ministry of Planning and Investment - KfW will contribute to the development of the two countries despite facing challenges.

The two sides exchanged views on some obstacles and proposed solutions to boost the implementation of KfW-funded projects./.