Japan developing new loan projects for Vietnam

09:21 | 08/07/2019 Cooperation

(VEN) - Japan is urgently working to develop new official development assistance (ODA) projects for fiscal year 2019, according to Konaka Tetsuo, Chief Representative of the Japan International Cooperation Agency’s (JICA) Vietnam Office. 

JICA data show that in fiscal year 2018, Vietnam finished construction of major Japanese loan projects, such as Lach Huyen International Port and a wastewater treatment plant for the Chua Cau area in the historic town of Hoi An. However, due to delays of administrative procedures, no additional ODA loans were committed for major projects proposed by the Vietnamese government in fiscal year 2018, although the Japanese side had agreed to provide funding.

“I want further discussions with the Vietnamese government to accelerate the signing of loan agreements for these important projects,” Konaka Tetsuo said.

In fiscal year 2019, according to the chief representative of JICA Vietnam Office, new ODA loan projects will be developed. JICA will promote the use of its capital resources for overseas investment and carry out surveys proposed by private companies. Through technical cooperation, JICA will assist Vietnam in e-government building. The agency will also cooperate with the Vietnam-Japan Institute for Human Resources Development to help Vietnam develop support industries. It will work with research and strategic analysis agencies to assist Vietnamese localities in making medium and long-term development plans for the post-2020 period.

In addition, JICA will provide comprehensive support for human resources development and consider assistance for major governmental transport infrastructure projects, such as highways, an express railway, seaports and bridges, which contribute to the connectivity in the entire Mekong Delta region.

To promote cooperation in these fields, “JICA needs to work with not only Japanese state agencies and private units but also international, bilateral and multilateral donors that share the views on sustainable development goals,” Konaka Tetsuo emphasized.

Tue Minh