Japan pledges ODA provision to Vietnam

Japan pledges ODA provision to Vietnam

Japan will maintain the official development assistance (ODA) for Vietnam’s socio-economic development projects, PM Yoshihiko Noda has said.

 Japan's PM Yoshihiko Noda (left) received National Assembly Chairman Nguyen Sinh Hung who is on an official visit to the country.
Noda made the commitment at a December 7 reception for Vietnam’s National Assembly Chairman Nguyen Sinh Hung who is on an official visit to Japan.

He confirmed his government’s resolve to strengthen cooperation in various areas with Vietnam, considering this one of Japan’s priorities in its development cooperation policy.

The 2009 signing of the Vietnam-Japan economic partnership agreement opened up great prospects for comprehensive cooperation between the two countries, he said.

The PM suggested that both sides continue expanding cooperation in all areas to supplement each other.

For his part, Hung appreciated Japan’s continued provision of ODA capital to Vietnam to develop infrastructure, human resource training, support industry, environmental protection, and climate change adaptation projects.

Vietnam respects Japanese ODA and puts it under the microscope to ensure it will be managed and used efficiently, the chief legislator assured Noda. 

He briefed his host on the results of his visit and said the two countries need to increase high-ranking delegation exchanges and work closely together to successfully organise the Vietnam-Japan Friendship Year in 2013 to mark 40 years of diplomatic ties.

He expressed hope that the PM will encourage Japanese businesses to pour more investment in Vietnam.

The National Assembly and Government of Vietnam will create the best possible conditions for Japanese businesses to operate profitably in the country, making a practical contribution to developing the two economies, he said. 

During his official visit to Japan starting on December 4, NA Chairman Nguyen Sinh Hung held talks with Hirata Kenji, chair of the Japan's Upper House, and met with Emperor Akihito and former Japanese Prime Minister Yukio Hatoyama. 

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Japan pledges USD2.6 billion in ODA to Vietnam

Japan pledges USD2.6 billion in ODA to Vietnam

The Japanese Government has committed to grant USD2.6 billion in official development assistance (ODA) to Vietnam in 2013, nearly doubling last year’s figure (USD1.4 billion).

The announcement was made by Japanese Ambassador to Vietnam, Tanizaki Yasuaki, at the three-day which opened in Hanoi on December 10.

He highly valued Vietnam’s macroeconomic policies to ensure sustainable growth through its 10-year socio-economic development strategy and five-year socio-economic development plan.

He suggested Vietnam implement specific measures on economic restructuring, with a focus on building a healthy financial system, settling bad debts and rearranging State-owned enterprises (SOEs).

He stressed that Vietnam’s sustainable growth is the key to regional stability and development. Japan will continue supporting Vietnam’s efforts in developing infrastructure and human resources, he added.

Earlier on December 7, Prime Minister Yoshihiko Noda stated that Japan will maintain ODA funding for Vietnam’s socio-economic development projects while receiving Vietnamese National Assembly Chairman Nguyen Sinh Hung.

He confirmed his government’s resolve to strengthen cooperation in various areas with Vietnam, considering this one of Japan’s priorities in its development cooperation policy.

http://www.dtinews.vn