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EU SHELLS OUT US$364 MLN ON DEVELOPMENT IN VIETNAM.
(From Asia Pulse)
HANOI, Oct 23 Asia Pulse - The European Union (EU) spent a total of 311 million euros (US$364 million) on development programmes in Vietnam in 2002, accounting for 20 per cent of the total official development assistance (ODA) disbursements in the country.
The figure was included in the report "EU Development Co-operation Activities in Vietnam in 2002," also called the Blue Book, which was released in Hanoi last Thursday.
Of last year's disbursements, non-refundable aid made up around 78 per cent, while the remainder came in the form of credits and loans. The EU is Vietnam 's leading development partner in terms of grant financing. …
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