The Ministry of Finance and the Japan International Cooperation Agency (JICA) signed an agreement in Hanoi on June 15 under which JICA will provide 40.946 billion JYP in loan for Vietnam to carry out two expressway sections.
This second loan for fiscal year 2010 will be used for the building of Ho Chi Minh - Long Thanh - Dau Giay section and the Da Nang - Quang Ngai section, part of the North-South expressway.
They are expected to help boost the development of two economic zones in the southeast and south central regions once they open to traffic.
This year marks the Japanese government as Vietnam’s largest donor, which has provided official development assistance to the country 19 consecutive years.