Japan to lend $1.6 bln to Vietnam
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HANOI – Vietnam will receive loans worth a combined US$1.6 billion from Japan to fund eight projects to develop its infrastructure and technology, the Finance Ministry said on Friday.
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The loan agreements, signed by the ministry and the Japan International Cooperation Agency on Friday, brought Japan's fund commitment to Vietnam to around $21 billion, the ministry said in a statement.
The loans will fund Vietnam's development of Hoa Lac science and technology city and infrastructure projects including the expansion of Hanoi-based Noi Bai airport, National Road 3, Ho Chi Minh City railway, the statement said.
Japan is now Vietnam's largest international donor, the ministry said.