Vietnam hopes for more JBIC support: Prime Minister
Prime Minister Pham Minh Chinh lauded the strategic partnership between Vietnam and Japan and hoped Japanese investors would contribute more to the country’s socio-economic growth.
Prime Minister Pham Minh Chinh lauded the strategic partnership between Vietnam and Japan and hoped Japanese investors would contribute more to the country’s socio-economic growth.
The Japan Bank for International Cooperation would contribute ideas to improve public-private partnership (PPP) policies and propose viable projects under the PPP.
The Japan-Vietnam strategic partnership has been strengthened over the years.
Three major financial institutions, namely JBIC, DFC and EFA, are committed to providing financial support for infrastructure and energy projects in Vietnam.
A lack of a unified legal framework governing PPP is the main factor that Vietnam’s infrastructure sector growth potential is capped at 6.1% per year through 2029.
Foreign investors are heading to Vietnam to take advantage of both domestic and export markets thanks to the country’s signed free trade agreements.