Reuters AlertNet Lite - Donors raise aid pledges for Vietnam to $4.45 bln

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Donors raise aid pledges for Vietnam to $4.45 bln

15 Dec 2006 07:23:33 GMT
Source: Reuters

HANOI, Dec 15 (Reuters) - Donors pledged to give Vietnam $4.45 billion in aid for next year, up from $3.7 billion this year, Minister of Investment and Planning Vo Hong Phuc said on Friday.

The aid announced at an annual meeting between government and donors would be part of the Communist-run country's ambitious plan to reduce poverty and accelerate economic growth in 2007 to between 8.2 percent and 8.5 percent, from 8.2 percent expected this year.

Vietnam, which has one of the fastest expanding economies after China and next month will become a World Trade Organisation member, said much of the money would be for its under-developed infrastructure.

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Last updated:Fri Dec 15 07:25:19 2006