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Saturday, July 20, 2024

Japan to provide Vietnam with over VND10.6 trillion in ODA

By Ngoc Hung

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HCMC – The Japan International Cooperation Agency (JICA) has signed three agreements with the Vietnamese Government to provide official development assistance (ODA) loans totaling over VND10.6 trillion.

These agreements mark a significant milestone in the celebration of the 50th anniversary of Vietnam-Japan diplomatic relations.

The ODA loans will support three crucial projects in Vietnam. The largest portion, around VND8.75 trillion, will go to the economic and social development recovery program, aimed at revitalizing the country’s economy post pandemic.

The second project focuses on the renovation of public transportation infrastructure in Binh Duong Province, with a value of around VND1.1 trillion. The objective is to establish a high-speed bus system that connects Binh Duong, HCMC, and Dong Nai, facilitating efficient transportation between these areas.

The remaining loan, around VND829 billion, will be utilized to support the development of agricultural infrastructure in the Central Highlands province of Lam Dong. This includes improving transportation facilities, irrigation systems, and establishing flower trading centers.

The signing ceremony for these ODA agreements took place on July 4, with representatives from JICA and Vietnam coming together to solidify the partnership.

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