Japan granted 1.2 billion USD ODA for Vietnam

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Báo ĐCS English - 39 month(s) ago 20 readings

Japan granted 1.2 billion USD ODA for Vietnam

(CPV) - In Tokyo, on November 2, Mr. Izumi Arai, Vice President of the Japan International Cooperation Agency (JICA) inked the ODA loan agreements with Minister of Finance Vuong Dinh Hue, in the witness of the Vietnamese Prime Minister Nguyen Tan Dung.

(CPV) - In Tokyo, on November 2, Mr. Izumi Arai, Vice President of the Japan International Cooperation Agency (JICA) inked the ODA loan agreements with Minister of Finance Vuong Dinh Hue, in the witness of the Vietnamese Prime Minister Nguyen Tan Dung.

The Exchange of note was already signed between Japanese Ambassador to Vietnam Mr. Yasuaki Tanizaki and the Minister of Planning and Investment Mr. Bui Quang Vinh on October 31 also in the capital of Japan.

There are 5 key projects (6 loan agreements) receiving funds from the ODA loans amounting to 92.6 billion yen (1.2 billion USD) following 3 main directions: supporting the development of economic infrastructure in close partnership with private sector (Lach Huyen international deep sea port project), promoting growth through developing economic infrastructure: North-South expressway construction project (Ben Luc-Long Thanh); Nghi Son thermal power plant construction project, and promoting policy actions and improving technology to respond to natural disaster and climate change: support program to respond to climate change; project for disaster and climate change countermeasures using earth observation satellite.

Earlier, JICA signed loan agreements in January and June for the amount of 99.1 billion yen (five projects), bringing the total agreed loans signed this year to 191.8 billion yen (around 2.4 billion USD, for eleven projects)./.

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