FIFA will pay US$1.5 million to support Vietnamese football. — Photo baodautu.vn

The cash-offer from FIFA will include a payment to Vietnam, in order to offset losses caused by the coronavirus pandemic.

Part of the package, worth $500,000, will be used to develop women’s football.

Le Hoai Anh, general secretary of the Vietnam Football Federation (VFF) said the money is necessary for the member associations.

Due to COVID-19 pandemic, football games were suspended causing a deficit in revenue related to television rights, ticket sales, and sponsorship deals.

FIFA’s support will help countries maintain operations and continue to invest in targeted projects.

Around $500,000 will be given out in early September and more at the beginning of 2021.

From 2001, VFF has been granted US$200,000 a year by FIFA to support member unions in developing countries.

Part of this grant was used to build its headquarters in 2001, build a training ground at the Việt Nam Youth Football Training Centre and invest in youth football.

This annual payment is not related to the latest disbursement of funds FIFA will allocate. — VNS

FIFA to offer US$1.5 million aid to Vietnam football

The International Federation of Football Association (FIFA) has announced it will offer a US$1.5 million bailout package to each of its national football federations throughout Southeast Asia (SEA),