Vietnam and Sweden have signed a development cooperation agreement, in which Sweden is committed to providing Vietnam with a non-refundable aid package of at least US$36 million for the 2009-2011 period.
The deal was signed between Anders Nordstrom, Director General of the Swedish International Development Agency (SIDA), and Cao Viet Sinh, Vice Minister of Planning and Investment.
The agreement aims to boost sustainable development in Vietnam and promote democratic governance and respect for human rights.
The Swedish government will also extend their support to the private sector by providing concessional credit and soft loans.
The existing regular development programme between the two countries will be phased out in 2009-2013, during which ‘Selective Cooperation’ will be introduced to broaden relations on a more equal level.
