G-7 Nations to Provide Vietnam With $15.5 Billion to Cut Coal Use

G-7 Nations to Provide Vietnam With $15.5 Billion to Cut Coal Use
Workers walk near an excavator loading coal onto a truck at a coal port in Hanoi, Vietnam, on Feb. 23, 2012. Kham/Reuters
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HANOI—The Group of Seven (G-7) industrialized nations will provide $15.5 billion to help Vietnam transition away from coal, the British foreign office said on Wednesday.

The deal will be the third agreement of this type reached by G-7 nations.