Japan is now the largest ODA partner to Vietnam. Vietnam and Japan on May 21 signed three agreements worth 61 billion yen (US$442 million) to finance official development assistance (ODA) projects in Vietnam. The meeting between Prime Minister Pham Minh Chinh and his Japanese counterpart Kishida Fumio on May 21. Photo: VGP The ODA projects aimed at socio-economic development and recovery in the post-pandemic stage, worth 50 billion yen (US$362.4 million), development of public transport in the southern province of Binh Duong, and development of agricultural facilities in Tay Nguyen (Central Highlands) province of Lam Dong. At the signing ceremony, Vietnamese and Japanese prime ministers agreed to discuss the potential of new-generation Japan-funded ODA projects. Accordingly, Vietnam will receive flexible concessional loans with more incentives to serve the nation’s mass infrastructure development projects in urban railroad construction, green … [Read more...] about Vietnam, Japan ink ODA deals worth US$442 million
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Vietnam, Japan sign three ODA projects valued at $500M
Vietnam will use 50 billion yen of this funding for the new-generation ODA (Official Development Assistance) budget support program for post-Covid-19 socioeconomic recovery and development, and the rest for the development of transport infrastructure and agriculture projects in the southern province of Binh Duong and and the central highlands province of Lam Dong. On Sunday, Chinh also held talks with Kishida on the occasion of partcipating the G7 Summit in Japan's Hiroshima. Japan is the largest provider of concessional ODA to Vietnam, with 2.98 trillion yen ($21.6 billion). Japan's ODA accounts for over 30% of bilateral aid to Vietnam. The two PMs said that the two countries would discuss the possibility of Japan providing new generation ODA for large-scale strategic infrastructure development projects, such as the North-South expressway, urban railways, green transformation, and medicine. These loans will have high incentives, with simpler and more flexible procedures than … [Read more...] about Vietnam, Japan sign three ODA projects valued at $500M
PM’s trip to Japan, attendance at expanded G7 summit a success: Foreign Minister
Prime Minister Pham Minh Chinh and heads of delegations at the expanded G7 Summit in Hiroshima, Japan. (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh’s freshly ended trip for attendance at the expanded Summit of the Group of Seven (G7) and a working visit to Japan was a success in both bilateral and multilateral aspects, Minister of Foreign Affairs Bui Thanh Son told the media following the visit. According to FM Son, during nearly three days in Japan, PM Chinh chaired and attended about 40 activities, including working sessions and meetings with Japanese leaders as well as circles, businesses, friends in Japan, along with leaders of countries and international organisations. Multilaterally, Vietnam contributed to the G7's expanded summit approaches and important solutions from the perspective of a developing country, aiming to promote industrialisation, modernisation and extensive and comprehensive international integration, the minister said. At the working … [Read more...] about PM’s trip to Japan, attendance at expanded G7 summit a success: Foreign Minister
Vietnam, Japan sign new-generation ODA deals worth over $440mn
Vietnam and Japan on Sunday jointly inked three agreements, valued at 61 billion yen (US$442.5 million), to fund new-generation official development assistance (ODA) projects in Vietnam. Of the total, 50 billion yen ($362 million) will be poured into a new-generation ODA program on post-pandemic socio-economic recovery and development. The rest will finance a project improving the public transportation system in southern Binh Duong Province and another one enhancing the infrastructure system for agricultural development in the Central Highlands province of Lam Dong. The signing of these ODA deals was witnessed by Vietnamese Prime Minister Pham Minh Chinh and his Japanese counterpart Kishida Fumio during the former’s trip to Japan for attending an expanded summit of Group of Seven (G7) nations, which took place from May 19 to 21. After the signing ceremony for the agreements, PM Chinh held talks with his Japanese counterpart. This is the first Vietnam-Japan high-level … [Read more...] about Vietnam, Japan sign new-generation ODA deals worth over $440mn
HCM City values Japan’s support for local sustainable growth
At the meeting (Photo: VNA) HCM City (VNA) – The support of Japan and the Japan International Cooperation Agency (JICA) in capital, consultation, and technology transfer serving environmental protection projects in Ho Chi Minh City has actively contributed to the southern economic hub's realisation of net-zero goal by 2050 and future sustainable development, affirmed a municipal official. Vice Chairman of the municipal People’s Committee Bui Xuan Cuong made the statement on May 15 while receiving Tsuno Motonori, General Secretary of the Japan-Vietnam Friendship Association (JVFA) in Japan’s Kansai region, who is on a working visit to the city. The official expressed his belief that his guest will make further contributions to HCM City’s development via effective projects as a consultant for many JICA projects in Vietnam and foster the city's economic cooperation and cultural exchanges with Kansai and Japan as JVFA official. In a group photo, from right: Vice Chairman … [Read more...] about HCM City values Japan’s support for local sustainable growth
Japan intensifies infrastructure focus
Japan intensifies infrastructure focus, illustration photo: Le Toan During Prime Minister Pham Minh Chinh’s bilateral meeting with Japanese counterpart Kishida Fumio in Japan over a week ago, the two nations inked three agreements in which the latter will provide the former with a new official development assistance (ODA) sum worth ¥61 billion (about $500 million). The money will be used on projects for general post-pandemic socioeconomic recovery and development, improving traffic infrastructure in the southern province of Binh Duong, and ameliorating agricultural development infrastructure in the Central Highlands province of Lam Dong. “Both leaders have also agreed on the possibility that Japan will provide new-generation ODA for Vietnam with high priorities and simpler and more flexible procedures than before to carry out large-scale strategic infrastructure projects such as the North-South Expressway, urban railways, green transformation, and medicine,” said Minister of … [Read more...] about Japan intensifies infrastructure focus
Prime Minister arrives in Hiroshima, beginning trip to attend expanded G7 Summit and visit to Japan
Welcoming Prime Minister Pham Minh Chinh and the Vietnamese delegation at the airport were Japanese Vice-Minister for Foreign Affairs Yamada Kenji, Governor of Hiroshima prefecture Hidehiko Yuzaki, and Vietnamese Ambassador to Japan Pham Quang Hieu, among others. According to the working agenda of the expanded G7 Summit, the Vietnamese leader will attend three discussion sessions on the topics of handling multiple crises, joint efforts for a sustainable planet, and towards a peaceful, stable and prosperous world. He is scheduled to participate in activities related to the G7 Partnership for Global Infrastructure and Investment (PGII) initiative, and have bilateral meetings with leaders of countries and international organizations. At the discussion sessions, and multilateral and bilateral activities, the Prime Minister is expected to contribute to the international community in association with Vietnam's interests on many issues, especially those related to security - … [Read more...] about Prime Minister arrives in Hiroshima, beginning trip to attend expanded G7 Summit and visit to Japan
Vietnamese, Japanese Prime Ministers hold talks in Hiroshima
Prime Minister Pham Minh Chinh (L) and his Japanese counterpart Fumio Kishida. (Photo:VNA) Hiroshima (VNA) – Prime Minister Pham Minh Chinh held talks with his Japanese counterpart Kishida Fumio on May 21 within the framework of his trip to attend the G7 expanded Summit. This is the first Vietnam-Japan high-level talks to take place in Hiroshima, the hometown of PM Kishida, and the fifth between the two PMs in more than a year. Chinh congratulated Kishida and host Japan on successfully organising the G7 and G7 expanded Summits, and spoke highly of Japan's coordinating role to reach consensus in solving global challenges such as food security and emission reduction. Kishida welcomed the active and effective participation in and contribution of the Vietnamese delegation to the success of the G7 expanded Summit, affirming that Vietnam holds a leading position in the implementation of Japan's foreign policy in the region. Prime Minister Pham Minh Chinh and his Japanese … [Read more...] about Vietnamese, Japanese Prime Ministers hold talks in Hiroshima
Prime Minister’s trip to Japan, attendance at G7 expanded Summit a success: Foreign Minister
According to FM Son, during nearly three days in Japan, Prime Minister Pham Minh Chinh chaired and attended about 40 activities, including working sessions and meetings with Japanese leaders as well as circles, businesses, friends in Japan, along with leaders of countries and international organizations. Multilaterally, Vietnam contributed to the G7's expanded Summit approaches and important solutions from the perspective of a developing country, aiming to promote industrialization, modernization and extensive and comprehensive international integration, the minister said. At the working sessions, Prime Minister Pham Minh Chinh highlighted many important messages, including promoting a more substantive and effective global partnership, upholding international solidarity, and persevering with multilateral cooperation in order to solve unprecedented challenges currently. The Prime Minister also stressed that sustainable development, climate change response, emission reduction and … [Read more...] about Prime Minister’s trip to Japan, attendance at G7 expanded Summit a success: Foreign Minister
Deputy PM Tran Luu Quang pays working visit to Japan
At their meeting, Quang wished former PM Suga Yoshihide, who is now an advisor to the Japan - Vietnam Parliamentary Friendship Alliance, to pay further attention to lifting the countries’ relations to a new height, increasing the exchange of delegations this year, and supporting the Vietnamese community in Japan, whose population nears 500,000. Suga said Japan considers Vietnam an important partner in implementing its foreign strategy in the region and pledged to back the promotion of the nations’ friendship and cooperation, especially in all-level delegation exchange, parliamentary exchange, economy - investment, and digital transformation; as well as of policies supporting Vietnamese living, working and studying in Japan. He proposed that Vietnam assist the Japanese community in Vietnam. Meeting with Nikai Toshihiro, the Deputy PM lauded the alliance’s meaningful and active contribution to the countries’ economic, cultural, tourism, and locality-to-locality exchanges. He … [Read more...] about Deputy PM Tran Luu Quang pays working visit to Japan