Vietnam, Japan to Sign JPY28.39B ODA Deal This Week
Vietnam and Japan will sign a note of exchange for a JPY28.39 billion official development assistance (ODA) later this week, earlier than scheduled for September.
Of the sum, JPY10 billion will go to climate change adaptation projects and the rest for the construction of the East-West economic corridor and drainage and environment improvement projects in Ho Chi Minh City.
“The move is aimed to help Vietnam fight the climate change as it becomes a urgent problem for all countries,” Ambassador Mitsuo Sakaba to Vietnam told the Dau tu (Investment) newspaper on May 12.
He added that corridor and drainage and environment improving in Ho Chi Minh City projects need more funds to complete on schedule.
The Japanese government is considering providing funds for Lach Huyen international gateway seaport in July, Hoa Lac universe center and Hue-Danang-Quang Ngai expressway, the ambassador attributed.
At the Consultative Group Meeting held in Hanoi on December 3-4 last year, Japan pledged to provide Vietnam with $1.64 billion in ODA this year. (Investment)
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