Japan to provide ODA to Vietnam

ME - The local newspaper Bao Dau Tu (Investment) cited Nguyen Xuan Tien, deputy head of Foreign Economic Relations Department (Ministry of Planning and Investment-MoPI) as saying that as planned, on October 31, in Japan, Vietnam will sign three notes whereby Japan will provide Vietnam some 92.6 billion yen (or $1.22 billion) worth of ODA (official development assistance) capital under the first phase of the fiscal year 2011 (starting as from April 1, 2011).

Under which, the first note will spare some 21 billion yen for infrastructure development project in Hai Phong international border port (Lach Huyen port).

The second one is for three projects to build North-South highway crossing Ben Luc-Long Thanh (14 billion yen) and use earth observation satellite for disaster prevention and climate change (Vietnam Space Centre-7.2 billion yen) and Nghi Son thermo power plant (40.33 billion yen).

The third note is for support programme to cope with climate change (10 billion yen).

Tien added MoPI is in talks with Japan about projects under the second phase of the fiscal year 2011.