Vietnam Union of Friendship hits fundraising milestone

VOV.VN - The Vietnam Union of Friendship Organizations unveiled on December 26 at a conference in Hanoi that it has generated a record US$300 million in financial assistance in 2016.

The funds principally came from foreign non-governmental organizations, said Deputy Foreign Minister Bui Thanh Son at the meeting, which he noted are instrumental to the Union meeting its mission of advocating for social progress, cooperation and peace.

Don Tuan Phong, VUFO vice president in turn talked at length about the more than 2,000 projects that had been carried out during the year with the funds as well as ongoing and upcoming endeavours.

The projects have contributed significantly to the country’s poverty reduction, he noted.

He urged pertinent Union officials to diligently audit financial aid transaction systems to ensure strong internal controls are in place to guarantee it is effectively managed and properly distributed as designated.
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