11:07 | 14/02/2014 Cooperation
(VEN) - The Japan International Cooperation Agency (JICA) recently gave a Contribution to International Cooperation Award to former Deputy Minister of Planning and Investment Cao Viet Sinh for his important contributions to cooperation between Japan and Vietnam.
Japanese Ambassador to Vietnam Hideo Suzuki said that since Japan began to provide its official development assistance (ODA) for Vietnam again in 1992 Cao Viet Sinh has made important contributions to cooperation between the two countries. Since 2005 in particular he has contributed greatly to the effective development of the Japanese ODA program for Vietnam. During this time, Japanese ODA for the country increased two-fold, while investment in infrastructure was boosted contributing to economic growth in Vietnam.
Cao Viet Sinh also made his part in encouraging private investment via industrialization strategy programs and the Vietnam-Japan Joint Initiative. For this reason, Japanese direct investment in Vietnam has increased.
Hideo Suzuki also said that boosting governmental and business investment was very important and necessary for economic development in Vietnam. He admitted that the former Deputy Minister had made very important contributions to boosting investment in these two sectors and economic development and improving Vietnam’s political position and central role in Southeast Asia.
JICA Vietnam Chief Representative Mori Mutsuya said that the awards were granted to Japanese and foreign inpiduals and organizations for their major contributions to JICA. This year the awards went to 10 representatives from six countries including Japan./.