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German financial support essential for Vietnam's development: minister

Update: September, 23/2014 - 09:00
Finance Minister Dinh Tien Dung has a working session with his German counterpart Wolfgang Schäuble in Ha Noi on September 22.— VNA/VNS Photo Pham Hau

HA NOI (VNS) — Financial assistance provided by the German Government is essential for Viet Nam's sustainable development, Finance Minister Dinh Tien Dung said during a working session with his German counterpart Wolfgang Schäuble in Ha Noi on September 22.

Minister Dung said that in terms of receiving German international development assistance, Viet Nam ranked third out of the Asian countries, after India and China . In turn, Germany was the third largest bilateral donor for Viet Nam , after Japan and France .

Over the years, Germany provided advice and funds for many projects implemented by the Finance Ministry, including the development of laws on the State budget and tax, and environmental protection, he added.

The official held out hope for further support from the German Agency for International Cooperation (GIZ) for his ministry's projects in the future.

During the session, Minister Wolfgang Schäuble said German companies highly valued Viet Nam 's business climate and highlighted the cooperation between the two business circles.

He also urged both countries to enhance collaboration on customs issues, on which they released a joint statement in 2012 declaring their intention to improve cooperation in this field.— VNA/VNS

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