Japan will assist Ho Chi Minh City in establishing financial consultant companies and provide the city with more loans in the coming time.
Tadashi Maeda, Senior Advisor of the Japan Cabinet-cum-Managing Executive Officer and Global Head of the Infrastructure Finance Group based in Tokyo made the statement at a meeting with Le Hoang Quan, Chairman of the HCM City People’s Committee in the city on July 12.
Maeda also discussed how to distribute and use the official development assistance (ODA) effectively.
Quan spoke highly of Japan’s ODA and affirmed that Vietnam will use loans from the Japan Bank for International Cooperation (JBIC) effectively.
He expressed his thanks to Japan for its assistance, which according to him, has contributed to the development of Vietnam and HCM City in particular.-VNA