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VietNamNews

Japan supports VN development: JICA

Update: August, 28/2013 - 09:20
Japan International Co-operation Agency President Tanaka Akihiko.—Photo laodong

HA NOI (VNS)— Japan continues to support Viet Nam in achieving its key goal to become an industrial and modern country by 2020, said Japan International Co-operation Agency President Tanaka Akihiko.

In an exclusive interview with Viet Nam News yesterday, Akihiko said Viet Nam still needs various development demands that require financial and technical support despite becoming a middle-income country in 2010.

"Though Viet Nam has become a middle-income country – an important milestone – I acknowledge that the support principle of Japan to Viet Nam is unchanged," he said.

"Japan will continue to help Viet Nam achieve the key goal of becoming an industrial and modern country by 2020 and meet the country's 5 and 10-year socio-economic development strategies." confirmed Akihiko.

He noted Viet Nam had faced many challenges en route to achieving its goal of industrialisation and infrastructure improvement, plus greater human resource training, policy and institutional reform.

"Financial resources required for Viet Nam's basic infrastructure development will be a huge number, so besides foreign loans, Viet Nam should mobilise capital from the private sector and this will be a challenge requiring priority handling in Viet Nam" said Akihiko.

ODA priorities would be given to Viet Nam in three main pillars: fostering economic development and strengthening competitive ability through infrastructure building; enhancement of state management; and assistance for vulnerable groups through support of locality, health and health care development.

Japan would also help Viet Nam reform State enterprises and cope with environmental problems such as climate change and disaster prevention, according to Akihiko.

Explaining the role of ODA in Japan's economic foreign policy, the JICA president said in the current climate of globalisation, Japan believes it is necessary to foster friendly relations with other countries in the world. The development and peace of friendly countries retain a large impact on Japan's development and peace.

"Taking Viet Nam as an example, convenient economic development of Viet Nam would increase Japan's investment. This not only contributes to boosting growth for Viet Nam but is also an advantage for Japan's economy. Infrastructure development through ODA sources would contribute to promoting foreign investment," stressed Akihiko.

Japan has now become Viet Nam's biggest source of bilateral assistance over the past 20 years. Japan has supported socio-economic development in Viet Nam through infrastructure building, human resource training, plus mechanism and policy reforms.

Last year (2012) marked the 20th anniversary of Japanese ODA support to Viet Nam and Japan has provided 1,836 billion Yen (approximately US$18.785 billion) in ODA loans to Viet Nam over the past 20 years. — VNS

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