Promoting financial cooperation between Vietnam and Japan

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VOV News English - 75 month(s) ago 11 readings 1 duplicate news

Promoting financial cooperation between Vietnam and Japan

(VOV) - Japan is currently Vietnam’s largest ODA donor and its projects have significantly contributed to Vietnam’s socio-economic development.

Vietnam’s Minister of Finance Vuong Dinh Hue made the statement at a working session with Japanese counterpart Jun Azumi in Tokyo on October 31 within the framework of Prime Minister Nguyen Tan Dung’s visit to Japan .

Minister Hue briefed Minister Azumi on Vietnam’s socio-economic situation, macroeconomic policies, development orientations and restructuring of some key economic sectors in the future.

He urged his counterpart to support increasing loans for Vietnam under the Poverty Reduction Support Credit (PRSC) programme from 3.5 billion yen to 10 billion yen in the second phase of this fiscal year.

He proposed providing new loans according to budget support, PRSC and the Support Programme to Respond to Climate Change (SP-RCC).

Minister Hue expressed his hope that Mr Azumi will provide further support for public-private partnership (PPP) investment and modernization of the Vietnamese banking system.

At the working session, Minister Azumi was pleased at the effective use of Japanese ODA in Vietnam and pledged to consider raising ODA for Vietnam and supporting new investment methods.

The two ministers agreed to strengthen cooperative relations between the two finance ministries and help develop the strategic partnership between the two countries.

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