Thursday, July 19 2018


Japan wants to assist more in infrastructure

Update: March, 23/2012 - 09:44


Customs overhaul

HA NOI — Japan provided over US$32 million in aid to help Viet Nam modernise its customs system towards achieving a National Single Window.

The Grant Agreement based on a 3-year project known as "Project for E-Customs and National Single Window for Customs Modernisation" was signed between the Ministry of Finance and the Japan International Co-operation Agency (JICA) in the capital yesterday.

The project aims to help Viet Nam implement the National Single Window that is essential in facilitating trade and investment as well as enhancing efficiency in customs management.

Japan will provide its customs automation system, integrated with the National Single Window system (NACCS), to Viet Nam Customs.

JICA will dispatch experts to help formulate long-term strategies in information technology application. Experts will also help establish mechanisms for effective management, operation, maintenance and upgrading of information technology while reviewing amendments in the current legal framework within which to introduce the automation system and providing capacity building for IT experts. — VNS

HA NOI — The Government of Japan would like to assist Viet Nam in infrastructure development to help it build an industrialised economy, according to Ambassador Yasuaki Tanizaki.

Tanizaki, at a talk with Ha Noi Foreign Trade University students yesterday, stressed that for the success of industrialisation, infrastructure development is indispensable.

With the long-term objective of strengthening transport connectivity in the Mekong region, Japan would join forces with Viet Nam to develop infrastructure in the East-West and Southern Economic corridors, he added.

The former would focus on central Da Nang City, through Laos and Thailand, then to Myanmar while the later centres on HCM City, through Cambodia and Thailand, then to Myanmar.

Currently, many infrastructure projects enjoy Japanese investment and include the Nhat Tan Bridge as well as the HCM City – Long Thanh – Dau Giay and Da Nang – Quang Ngai highways.

In addition, Japan would support Viet Nam in building core industries to help it in its modernising quest to 2020.

Viet Nam is now the second largest recipient of official development assistance (ODA) from Japan.

The number of Japanese ODA projects in Viet Nam was more than 200 last year, with total investment reaching US$1.8 billion. — VNS

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