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VietNamNews

Japan provides additional ODA financing

Update: April, 02/2012 - 09:49

 

Vong Intersection in Ha Noi will benefit from an infrastructure project, funded by Janpese ODA, that aims to ease traffic jams. — VNA/VNS Photo Danh Lam
HA NOI — Japan will provide US$1.65 billion in official development assistance (ODA) in the second half of fiscal 2011 in the form of loans to finance eight projects in Viet Nam.

The loan agreement, signed in Ha Noi last Friday between representatives of the Ministry of Finance and the Japan International Co-operation Agency (JICA), has brought the total of ODA loan packages in fiscal 2011 to over $3.25 billion for 16 projects.

The loans would support sustainable and balanced development in Viet Nam through large-scale urban infrastructure projects and the construction of a science and technology centre, said JICA's chief representative in Viet Nam Tsuno Motonori.

The latest loans will be used for construction of three infrastructure and urban development projects, including the HCM City Urban Railway Construction Project (Ben Thanh-Suoi Tien Section); Terminal 2 at Noi Bai International Airport; and the new National Highway 3, along with regional road construction in the north.

The five other projects include a project to improve the water environment in the southern province of Binh Duong; Hoa Lac Science and Technology City; procurements for the regional hospital in the central province of Ninh Thuan; a poverty reduction support credit programme; and a forest protection, restoration and sustainable management project. — VNS

 

MoU inked on providing medical supplies

JICA signed a separate memorandum of understanding with the Ninh Thuan People's Committee yesterday regarding the provision of medical equipment for the provincial general hospital. JICA also agreed to offer training to hospital staff to improve the quality of healthcare services delivered to the local population.

JICA has vowed to work with the central provinces of Khanh Hoa, Binh Thuan and Ninh Thuan to review their socio-economic strategies and identify priority industries.

At the MoU signing ceremony, Deputy Prime Minister Nguyen Xuan Phuc hailed Japan's commitment to assist the development of the three provinces, urging that support target disadvantaged districts.

Japan has been the leading provider of ODA to Viet Nam over the past 20 years, with total commitments of up to $21 billion, according to the finance ministry. — VNS


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