Japan to Invest in Five Vietnam Infrastructure Projects
Japanese government has decided to invest a total of US$1.16 billion in nine infrastructure projects in Southeast Asia under the form of public-private partnership (PPP), including five projects in Vietnam, the Japanese economic daily newspaper Nikkei reported.
This is part of Japan’s plan to promote infrastructure services abroad, it said, adding that the five projects in Vietnam will focus on airports, clean-coal thermal electricity plants, industrial park, urban planning and clean water supply systems.
Japan partner will conduct feasibility studies for these projects in Oct 2010. It also plans to export infrastructure services through public-private partnerships at a proposal by the Japan Federation of Economic Organizations.
Japan is considering a program to provide ODA for infrastructure projects requiring a huge amount of long-term investment funds. The Japan Bank for International Cooperation (JBIC) may lend financial support for these projects.
Besides these infrastructure projects, Japan also plans to resume loans from its Japan International Cooperation Agency (JICA) and is seeking measures to assist provincial and municipal investors in overseas operations.
The Japanese government recently approved a plan to develop an infrastructure export sector with a total investment of JPY19,700 billion by 2020, as part of its new economic growth strategy.
Japan is now the largest bilateral donor of Vietnam with roughly US$16 billion committed to the country, accounting for one third of Vietnam’s pledged ODA. It pledged US$1.64 billion ODA to Vietnam this year. (
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