14:52 | 01/04/2015 Investment
Japan has committed another 112.4 billion JPY (US$936.4 million) in official development assistance to Vietnam to facilitate its socio-economic development.
The sum will be allocated to construction on the Ben Luc – Long Thanh section of the north-south expressway, the Thai Binh 1 thermo-power plant and its power transmission line, a credit project for power networks, the second stage of the Nhon Trach water supply project, water drainage and treatment in Ha Long city, upgrades to Can Tho university, and the fifth cycle of a climate change response programme.
Minister of Planning and Investment Bui Quang Vinh and Japanese Ambassador to Vietnam Hiroshi Fukada signed a diplomatic note to this effect in Hanoi on March 31.
Speaking at the signing ceremony, Vinh said Japan is the leading economic partner and ODA provider of Vietnam and pledged to use the sum effectively.
Fukuda said relevant agencies are reviewing a list of projects in need of ODA for the next fiscal year.
Since 1992, the Japanese government has provided nearly 2.5 trillion JPY (US$20.9 billion) worth of ODA for Vietnam.
Source VOV News