Vietnam’s Transport Minister Dinh La Thang and Japanese Ambassador to Vietnam Yasuaki Tanizaki have signed an Exchange Note (EN) on Mar. 21 in Hanoi to help improve the transportation system in Vietnam.
According to the EN, the Japanese Government will provide non-refundable aid in the form of industrial products of Japanese businesses which suffered from the earthquake and tsunami disaster in March, 2011, worth a total 300 million JPY.
The Japanese Government decided on this activity to restore socio-economic activities of the regions affected by the disaster.
The products include equipment to help students in study and scientific research, and support for training activities in the sectors of shipping, shipbuilding and marine environments, as well as equipment to improve the railway system.
The Ministry of Transport said that it assigned this project to Vietnam Maritime University on Feb. 20 and the aid will be implemented as from early April with the consultancy of the Japan International Cooperation System (JICS).
The aid is scheduled to take effect in one year, and be completed at the end of the first quarter of 2013.-VNA