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Apr 02, 2015 / 14:43

Vietnam to receive nearly 1 billion USD ODA from Japan in 2015

Thu Minh

Minister of Planning and Investment Bui Quang Vinh and Japanese Ambassador to Vietnam Hiroshi Fukada signed a diplomatic note to provide Japanese official development assistance (ODA) to Vietnam in 2014 fiscal year worth 112.4 billion JPY (approximately 1 billion USD) in Hanoi on March 31.

Minister of Planning and Investment Bui Quang Vinh and Japanese Ambassador to Vietnam Hiroshi Fukada
Minister of Planning and Investment Bui Quang Vinh and Japanese Ambassador to Vietnam Hiroshi Fukada
The ODA will be funded for 7 projects and programs in 2015, including: construction on the Ben Luc – Long Thanh section of the North-South expressway, the Thai Binh 1 thermo-power plant and its power transmission line, a credit project for power networks, the second stage of the Nhon Trach water supply project, water drainage and treatment in Ha Long city, upgrades to Can Tho university, and the fifth cycle of a climate change response programme. 
Speaking at the signing ceremony, Minister Vinh said Japan is the leading economic partner and ODA provider of Vietnam and pledged to use the sum effectively. 

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