FIFA to provide 1.5 million USD for Vietnamese football
(VOVWORLD) - The World Football Federation (FIFA) will offer a 1.5 million USD bailout package to each of its national football federations in Southeast Asia, including Vietnam, to offset losses caused by the coronavirus pandemic.
|
Vietnam's national football team.
|
500,000 USD from the package will be used to develop women’s football.
Due to the 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 USD will be given out in early September and more at the beginning of next year.
Since 2001, the Vietnam Football Federation has been granted 200,000 USD a year from FIFA.