Thursday, November 12, 2009
Japan to lend Vietnam $1.3 bln
Japan will provide official development assistance worth 119.8 billion yen (US$1.3 billion) to help Vietnam speed up economic development, reduce poverty and improve infrastructure.
Japan to lend Vietnam $1.3 bln
Japan will provide official development assistance worth 119.8 billion yen (US$1.3 billion) to help Vietnam speed up economic development, reduce poverty and improve infrastructure.
As per seven agreements signed by the two countries’ representatives in Tokyo on Tuesday, some 47.9 billion yen ($530 million) of the committed aid will be spent on the economic stimulus program, and 7 billion yen on the 8th Poverty Reduction Support Credit.
The rest of the aid will be poured into five projects that will support small-and medium-sized enterprises, build the Thai Binh thermal electric power plant and its power transmission line network, promote energy saving, build a bypass on National Highway No.1, and develop small-scale infrastructure in rural areas.
Japan has provided 1,369 billion yen ($15.1 billion) in ODA since 1992, and is Vietnam’s biggest donor, according to the Japan International Cooperation Agency
The rest of the aid will be poured into five projects that will support small-and medium-sized enterprises, build the Thai Binh thermal electric power plant and its power transmission line network, promote energy saving, build a bypass on National Highway No.1, and develop small-scale infrastructure in rural areas.
Japan has provided 1,369 billion yen ($15.1 billion) in ODA since 1992, and is Vietnam’s biggest donor, according to the Japan International Cooperation Agency
(JICA).
