Japan pledges 95 billion yen in ODA for Vietnam

Tu Hoang A diplomatic note on the Japanese aid was signed in Hanoi last week by Vietnam’s Minister of Planning and Investment Bui Quang Vinh and Japanese Ambassador to Vietnam Fukada Hiroshi. This is the first tranche of the 300 billion yen loan which Japan has pledged for Vietnam in fiscal 2015. It will be used to fund Danang-Quang Ngai Expressway, Lach Huyen port in Haiphong City, roads in Lach Huyen and a climate change adaptation program. At the signing ceremony, Minister Vinh expressed appreciation of Japan’s support for Vietnam, saying Japanese ODA capital has been mainly channeled into vital infrastructure projects such as Hanoi-Haiphong road, Nhat Tan bridge and Noi Bai airport. According to the Japanese ambassador, the remainder of Japan’s loan will be funneled into three other key traffic transport projects. Vietnam should complete procedures so that loan agreements on those projects can be signed by the end of Japan’s fiscal 2015, March 31, … [Read more...]

Start construction of Haiphong International Gateway Port

On the morning of April 14th, Component A of Haiphong International Gateway Port project was kicked off by Prime Minister Nguyen Tan Dung in Cat Hai District, Haiphong City. According to the master plan, Haiphong International Gateway Port will be built along the existing channel in the South of Lach Huyen estuary, with the total berth length of around 8,000m and the total route length of about 18km. Haiphong International Gateway Port will be developed with a modern and comprehensive infrastructure and handling technology for receiving container ships of 4,000-6,000 TEU, and up to 8,000 TEU in subsequent phases of the project. The project which includes 2 components has total investment of about 1.2 billion USD, being funded by Japanese's ODA and state budget, and implemented under PPP form. Component A's scope covers the building of port infrastructure on the whole route, such as: shipping passages, roadsteads, a 3,230-meter-long breakwater with the crest elevation of +6.5 CD, a … [Read more...]

Vietnam, Japan agree to promote strategic partnership

Vietnam and Japan will work within the framework of their strategic partnership for peace and prosperity in Asia. The agreement was reached during the October 31 talks between Vietnamese Prime Minister Nguyen Tan Dung and his Japanese counterpart, Yoshihiko Noda in Tokyo, Japan. During the talks, both PMs expressed their pleasure at the developments in bilateral economic relationship. They underlined the importance of maintaining high ranking visits between the two countries as well as dialogues at all levels, especially the effective operations of the Vietnam-Japan Cooperation Committee. They agreed to double two-way trade by 2020 and boost cooperation in culture, education, science and technology, and people-to-people exchanges. They also agreed to select 2013 as the “Vietnam-Japan Friendship Year”, to celebrate the 40th anniversary of their diplomatic ties. PM Noda reaffirmed Japan’s support for Vietnam’s socio-economic development, saying that Japan … [Read more...]

Vietnam, Japan agree to promote strategic partnership

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Vietnam and Japan will work within the framework of their strategic partnership for peace and prosperity in Asia. The agreement was reached during the October 31 talks between Vietnamese Prime Minister Nguyen Tan Dung and his Japanese counterpart, Yoshihiko Noda in Tokyo, Japan. During the talks, both PMs expressed their pleasure at the developments in bilateral economic relationship. They underlined the importance of maintaining high ranking visits between the two countries as well as dialogues at all levels, especially the effective operations of the Vietnam-Japan Cooperation Committee. They agreed to double two-way trade by 2020 and boost cooperation in culture, education, science and technology, and people-to-people exchanges. They also agreed to select 2013 as the "Vietnam-Japan Friendship Year", to celebrate the 40th anniversary of their diplomatic ties. PM Noda reaffirmed Japan's support for Vietnam's socio-economic development, saying that Japan will consider … [Read more...]

Vietnam Calling for US$61 Bln for 163 Industrial, Construction Projects by 2010

The government of Vietnam is calling for US$61 billion from foreign and private investments for the 163 infrastructure projects from now till 2010 in a bid to maintain the set economic growth targets, state media reported on November 21.

The government will use US$53 billion to develop 109 industrial and construction projects, US$7.8 billion for tourism and service projects and the balance for six agro-forestry and fisheries projects, Vneconomy said. Vietnam is trying its best to lay a red carpet for foreign and private investors in a bid to diversify investment sources for its infrastructure area in addition to State budget and ODA loans, Deputy Minster of Planning and Investment Nguyen Bich Dat noted. Private and foreign investments remain at the limited level. Currently, domestic private investors have invested to build 60 infrastructure projects under build-operate-transfer, build-transfer modes, whilst foreign investors 18 power, telecom and water projects, Dat emphasized. Phan Huu Thang, Head of MPI's Overseas Investment Department said investments for infrastructure development become an urgent issue, which will need a huge sum. The key projects include US$5 billion oil refinery of Nghi Son in Thanh Hoa … [Read more...]

Japan provides over 95 billion yen in ODA for Vietnam

Planning and Investment Minister Bui Quang Vinh and Japanese Ambassador to Vietnam Hiroshi Fukada signed an ODA loan agreement in Hanoi on January 15. Under the agreement, Japan will provide more than 95 billion JPY for Vietnam in fiscal 2015 for major infrastructure projects, including Da Nang-Quang Ngai expressway and Hai Phong’s Lach Huyen port, supporting to Vietnam in coping with climate change. Speaking at the signing ceremony, the Minister affirmed the Japan’s ODA has contributed greatly to the Vietnam's growth, especialy in the building infrastructure sector. Japan is the largest donor country in Official Development Assistance (ODA) to Viet Nam. Their ODA pledge to the country has been approximately 2,600 billion JPY since 1992. … [Read more...]

Japan provides Vietnam over JPY95 billion in ODA

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Diplomatic notes were sealed in Hanoi on January 15, concerning the first batch of Japanese Official Development Assistance (ODA) worth more than JPY95 billion for Vietnam in fiscal 2015. Planning and Investment Minister Bui Quang Vinh and Japanese Ambassador to Vietnam Hiroshi Fukada signed the notes. Japan will channel the ODA capital into major infrastructure projects including the Da Nang-Quang Ngai expressway and Haiphong’s Lach Huyen port. At the notes exchange ceremony, Minister Vinh stressed the growing cooperation between Vietnam and Japan. Projects with investments from Japan have produced effective results for Vietnam’s socio-economic development so far, he added. The minister unveiled that Japan’s total ODA for 2015 could reach JPY300 billion. Ambassador Fukada said Japan pays heed to economic ties with Vietnam and commits to continue to provide ODA. He lauded the sound outcomes of local infrastructure projects using the loan. In 1992, … [Read more...]

Japan provides Vietnam over 95 billion yen in ODA

Scene at the ceremony.

Diplomatic notes were sealed in Hanoi on January 15, concerning the first batch of Japanese Official Development Assistance (ODA) worth more than 95 billion JPY for Vietnam in fiscal 2015. Planning and Investment Minister Bui Quang Vinh and Japanese Ambassador to Vietnam Hiroshi Fukada signed the notes. Japan will channel the ODA capital into major infrastructure projects including the Da Nang-Quang Ngai expressway and Hai Phong’s Lach Huyen port. At the notes exchange ceremony, Minister Vinh stressed the growing cooperation between Vietnam and Japan. Projects with investments from Japan have produced effective results for Vietnam’s socio-economic development so far, he added. The minister unveiled that Japan’s total ODA for 2015 could reach 300 billion JPY. Ambassador Fukada said Japan pays heed to economic ties with Vietnam and commits to continue to provide ODA. He lauded the sound outcomes of local infrastructure projects using the loan. In 1992, … [Read more...]

500m-long tunnel digging completed

Digging of the tunnel completed

PANO – The Vietnam Expressway Corporation (VEC) on September 18th announced the digging completion of a 500m-long tunnel in Duy Trinh commune, Duy Xuyen district, Quang Nam province. The tunnel is part of Construction Package No.4 of the Da Nang-Quang Ngai Expressway project funded by the Japan International Cooperation Agency (JICA). The expressway is part of the North-South Expressway, connecting transport and communication between the economic triangle of Laos, Cambodia and Vietnam and seaports in central Vietnam via the Northwest Economic Corridor. Construction Package No.4 was officially kicked off on July 4th 2014 and covers a total length of 11.1km, featuring the design of expressway Type A with a designated speed limit of 100 - 120km/hour. The tunnel is one of thirteen major items of the package. So far, after eight months of construction, the digging completion of the tunnelshows the determination of the investor to complete the project as scheduled. Translated by … [Read more...]

Way-out proposed to propel major expressway firm restructuring

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Vietnam’s largest state-owned expressway developer has proposed a funneling capital between projects to address its recent funding deficiency problems. The Vietnam Expressway Corporation (VEC) has recently requested that the Ministry of Transport approve the use of capital sources from financially solvent highway projects to fill the capital shortfall in low efficiency projects, thus ensuring a steady cash flow overall, and specifically, for the duration of struggling projects. If they receive the green-light, the VEC will be capable of finding a financial equilibrium through the use of VND20.36 trillion ($934 million). This capital injection would be drawn from three major expressway projects to ease financial distress at two other crucial projects: the Danang-Quang Ngai and Noi Bai-Lao Cai expressways. VEC chairman Tran Quoc Viet said, "The traffic volume and toll revenue at our three operating expressways – Cau Gie-Ninh Binh, Noi Bai-Lao Cai, and Ho Chi Minh City-Long … [Read more...]

Da Nang looks for more Japanese investment

A Tokai Viet Nam worker tests products at factory in Da Nang's Hoa Khanh Industrial Zone. The company invested US$10 million in producing spare auto parts for the Southeast Asian market and international brands such as Toyota, Honda and Nissan. — VNS Photo Cong Thanh DA NANG (VNS) — Viet Nam has become the second biggest destination for Japanese investors in ASEAN – after Thailand – with 1,463 members in the Federation of Japanese Chambers of Commerce and Industry in ASEAN (FJCCIA). Japanese companies have started 176 new projects in Viet Nam in the first seven months of the year, said Atsusuke Kawada, chief representative of the Japan External Trade Organisation (JETRO) in Ha Noi. However, he said investment capital in Viet Nam had been declining due to the weakening of the yen, and big companies having completed their investments in Viet Nam, Kawada explained at a conference on Japanese investment promotion in Da Nang last week. About 150 Japanese … [Read more...]

Japanese investor speaks out

DA NANG (VNS) — Poor logistics and transport infrastructure and customs hassles are the major reasons for Viet Nam's inability to attract Japanese investment, a Japanese trade expert told a conference on investment promotion and logistics in Da Nang late last week. Yoshitaka Kurihara, senior advisor to the Japan External Trade Organisation (JETRO) ‘s HCM City Office, said: "Logistics is actually a key factor in investment. The slow modernisation of logistics services in Viet Nam has been a main reason for the decrease in investment flows." Japanese investment fell from US$58 billion in 2013 to just $23 billion last year. "Chaotic road traffic, slowness of rail traffic, shortage of warehouse space and poor condition of seaports preclude investment," Kurihara said. "The cost of transporting by the trans-Viet Nam railway system, which is seen as environment-friendly, is higher due to the slow speed (average of 60km per hour) of the trains between Ha Noi and HCM … [Read more...]

Poor logistics, infrastructure, tardy customs keep Japan firms out of VN

A view of Da Nang Port. — Photo danangport

"Cat Lai Port, one of the biggest in HCM City, is close to Dong Nai and Binh Duong, two major industrial provinces in the southern region, but regular traffic congestion delays loading" Kurihara said — Photo duongbo DA NANG (Biz Hub) — Poor logistics and transport infrastructure and customs hassles are the major reasons for Viet Nam's inability to attract Japanese investment, a Japanese trade expert told a conference on investment promotion and logistics in Da Nang on August 24. Yoshitaka Kurihara, senior advisor to the Japan External Trade Organisation (JETRO)'s HCM City Office, said: "Logistics is actually a key factor in investment. The slow modernisation of logistics services in Viet Nam has been a main reason for the decrease in investment flows." Japanese investment fell from US$58 billion in 2013 to just $23 billion last year. "Chaotic road traffic, slowness of rail traffic, shortage of warehouse space and poor condition of seaports preclude investment," Kurihara … [Read more...]

Quang Nam: Proposing approach to relocate Trien Tranh relic site

Trien Tranh relic site in Quang Nam

(Cinet)- Quang Nam Provincial Department of Culture, Sports and Tourism and Vietnam Institute of Archaeology made a report of archaeological result and contributed approaches to maintain and develop Trien Tranh relic site. The Trien Tranh relic site containing Champa vestiges and structures in the central province Quang Nam, excavated during the construction of Da Nang-Quang Ngai expressway, will be moved to the Quang Nam Museum and Museum of Sa Huynh and Champa Culture in Duy Xuyen district for display and further study. The information was heard at a recent conference held in Tam Ky City to review the excavation of relics in an area of 3,800 square metres in Trien Tranh relic site. The Trien Tranh relic site, located in Chiem Son Tay valley, has close relations with other Champa relic sites such as My Son, Simhapura and Dai Chiem. However, the site disappeared in the end of the 12th century. A raft of ceramic and porcelain objects from different origins such as Ly-Tran … [Read more...]

Champa cultural relic site to be relocated

A vestige in Champa culture (Photo:VNA) The Trien Tranh relic site containing Champa vestiges and structures in the central province Quang Nam, excavated during the construction of Da Nang-Quang Ngai expressway, will be moved to the Quang Nam Museum and Museum of Sa Huynh and Champa Culture in Duy Xuyen district for display and further study. The information was heard at a recent conference held in Tam Ky City to review the excavation of relics in an area of 3,800 square metres in Trien Tranh relic site. A raft of ceramic and porcelain objects from different origins such as Ly-Tran dynasty, China and Islam were found during the seven-month excavation. The experts also stumbled across eight architectures of houses and walls, which dated back to the 9 th century. The Trien Tranh relic site, located in Chiem Son Tay valley, has close relations with other Champa relic sites such as My Son, Simhapura and Dai Chiem. However, the site disappeared in the end of the 12 th century. … [Read more...]

Social News 20/7

More patients need organ transplantation Just a few patients suffering kidney or liver failure received organ transplantation in Vietnam, said the Ministry of Health and Organ Transplantation Association at a meeting to call on people to donate their organs in Hanoi. According to the Ministry of Health, the country has 14 medical facilities which are able to perform organ transplantation and Vietnamese doctors' skill in transplantation is as good as their counterparts in foreign countries. However, the sector is in severe need of organ supply while the demand is increasing drastically. The main cause of shortage of organ donation is due to people's incorrect awareness of organ donation. In addition, information of organ donation is still limited and not popular among the community. By statistics, Vietnamese surgeons has so far carried out over 1,011 kidney transplant operations, 37 liver transplant surgeries, 11 heart transplantation, one operation for pancreas transplant and over … [Read more...]

Residents protest truck dust, noise near expressway

QUANG NAM (VNS) — Residents along a 2km stretch of road on the Da Nang-Quang Ngai expressway last week dumped their household furniture on it to protest against dust and noise pollution created by scores of trucks carting road materials. Authorities said the pollution had created unhealthy conditions for residents and hundreds of students at a school on the roadside. Dust covers the furniture in residents' houses and has led to a drop-off in trading in small businesses along the road. Local authorities quietened residents down temporarily by ordering truck drivers to cover their loads and carry less dirt, but problems continue on rough sections along the road.. The dust and noise pollution still upsets hundreds of people living along provincial road No 609 in Nhi Dinh village in Dien Ban town. Dump trucks roared day and night from March to build the new road section to the 140km Da Nang-Quang Ngai expressway. The new road creating the problems runs through Dien Ban town and … [Read more...]

Accelerating site clearance for Da Nang-Quang Ngai expressway

VGP – The Government has ordered relevant ministries and localities to accelerate site clear for the Da Nang-Quang Ngai expressway project so that the work can be finished prior to September 30 this year. The 140km highway is expected to be put into operation by 2018. This is part of the bigger road project running from the North to the South. Once completed, the expressway will help effectively promote socio-economic development in the central region, particularly in Quang Nam and Quang Ngai provinces. It is also expected to facilitate international transport from the Viet Nam-Laos-Cambodia economic triangle area through the East-West Corridor to ports in the central area of Viet Nam./. By Huong Giang … [Read more...]

DPM Hoang Trung Hai checks the Da Nang – Quang Ngai expressway construction project

Scene of the working session

​On Wednesday July 01, Deputy Prime Minister Hoang Trung Hai and a government working delegation inspected progress of the Da Nang- Quang Ngai expressway construction project and had a working session with the project management board, leaders from Quang Ngai, Quang Nam province and Da Nang city and stakeholders. ​Under the project, a 139 km highway will be built from Da Nang (7.9km) to Quang Nam (91.2km) and Quang Ngai (40.1km) with investment capital of 34.5 trillion VND. So far, the project has disbursed VND 4,232 billion, reached 23.84% of the total construction value and behind 3,66% of the schedule. For the site clearance work, 121.72km has been handed over to the investor, reached 87.4% with 16,749/18,005 households have been compensated, reached 93%. In Quang Ngai province, 93.6% of project site (37.42/40km) has been handed over to the investor. By 30 September 2015, the province commits to hand over 100% project site to the investor. At the working session, the Deputy … [Read more...]

Deputy PM Hai urges site clearance for Da Nang-Quang Ngai Expressway

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Deputy PM Hoang Trung Hai is inspecting construction of the Da Nang-Quang Ngai Expressway. NDO - Deputy Prime Minister Hoang Trung Hai has urged the two central provinces of Quang Nam and Quang Ngai to speed up site clearance to ensure the timely completion of the Da Nang-Quang Ngai Expressway. The Deputy PM said authorities should focus on resolving land disputes in areas which the expressway runs through to avoid legal and financial obligations in the future whilst he was inspecting construction progress on July 1. He also asked the Ministry of Transport to form protective measures to ensure the expressway is not affected by flooding in this flood-prone hotspot. Construction of the 140-kilometre long Da Nang-Quang Ngai Expressway is 87% complete however more than 20.5 kilometres of the road has not yet been cleared due to disputes and slow construction of settlement areas for displaced residents. Lack of counterpart funding worth around VND1.2 trillion (US$55.2 million) is … [Read more...]