Vietnam, Japan Sign JPY58.18B ODA Agreements
The Vietnamese Ministry of Finance and Japan International Cooperation Agency (JICA) signed three agreements worth JPY58.18 billion ($706 million) in official development assistance (ODA) for projects under the 2010 fiscal year’s first commitment.
These projects are the 9th Poverty Reduction Support Credit (PRSC 9), Nhat Tan Bridge II project and Nghi Son Coal-fired Power Plant II project.
Japan remained the largest bilateral ODA provider to Vietnam for the past 19 years, with a pledged capital by JPY1.45 trillion. This mostly focused on infrastructure development, including Pha Lai coal-fired power plant, Phu My power plant and Ham Thuan-Da Mi power plant.
Other projects included National Road 10, National Road 18, Binh Bridge, Hai Phong Port, Tan Son Nhat Terminal International Airport, Noi Bai Terminal International Airport and East-West Avenue.
These projects contributed greatly to socio-economic development in the Southeast Asian country. (Vietnamplus, vovnews)
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