09:06 | 08/04/2016 Economy- Society
The Japan International Cooperation Agency (JICA) has signed official development assistance (ODA) loan agreements with the Vietnamese Government to provide 95.167 billion JPY (over 846 million USD) for implementing several projects in Vietnam.
Lach Huyen Port (Source: Investment newspaper)
The ODA loans aim to help the Southeast Asian country build essential infrastructure to improve its economic competitiveness, environment and overcome vulnerabilities.
The third phase of the Da Nang – Quang Ngai section of the North-South expressway construction project is intended to address the rapid increase of transportation volumes in Da Nang city – a centre of manufacturing and goods distribution in the central part of Vietnam.
The Lach Huyen port infrastructure project will feature an international deep-water mega-port and related facilities in the northern port city of Hai Phong, making it possible to meet the rising volume of cargo and to accommodate the larger size of vessels used in maritime transportation, as well as promote economic development and international competitiveness of the northern region, and Vietnam overall.
Meanwhile, the sixth phase of the support programme to respond to climate change means to help the Vietnamese Government implement relevant policies through financial assistance and policy dialogue. It is expected to enhance the national capacity to cope with the negative impacts on climate change and mitigate greenhouse gas emissions, contributing to local sustainable economic development./.