The French Development Agency (AFD) has provided credit worth EUR20 million (USD26.8 million) to help Vietnam implement its climate change adaptation programme.
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Accordingly, the loan will be implemented from the beginning of 2012 to the end of October, 2013.
AFD Director Marc Gravellini emphasised that Vietnam is one of the countries most vulnerable to climate change. If the sea water level rises by 1m, about 5 percent of Vietnam’s land will be affected, impacting 11 percent of the Vietnamese population.
The loan will give priority to projects on renewable energy, energy conservation, forest management, waste treatment, clean development mechanism, water supply, and natural disaster prevention and mitigation, as well as agricultural production, he said.
Over the past years, the AFD has granted technical assistance to help the Vietnamese government carry out projects on energy efficiency and bio-fuel development.
