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Japan announces $1 billion ODA for Vietnam

Monday, December 16, 2013, 16:42 GMT+7

During talks with his Vietnamese counterpart Nguyen Tan Dung on Sunday, Japanese Prime Minister Shinzo Abe announced an official development assistance (ODA) package of 100 billion JPY (US$1 billion) for Vietnam. During the second half of the 2013 fiscal year, the ODA amount will be allocated to five projects, including two sections of the North-South Highway, two infrastructure development projects at Lach Huyen Port in Hai Phong City, and a program to support Vietnam in improving its competitiveness and responding to climate change. During the talks, PM Shinzo Abe affirmed that Japan sees Vietnam as an important partner and promised to consider Vietnam’s proposal to build a Vietnam-Japan friendship hospital and expand the program of training Vietnamese nurses in Japan. The two PMs expressed their delight at new progress in bilateral cooperation in all fields, and agreed to take a number of specific measures to further strengthen the Vietnam-Japan strategic partnership. Both host and guest pledged to continue their close coordination in the implementation of important economic cooperation projects such as the North-South Highway, the construction of the Ninh Thuan No. 2 nuclear power plant and the Vietnam Space Centre. Both sides also lauded the setting up of the security dialogue mechanism and agreed on the significance of the maintenance of high-level meetings as well as the effective implementation of cooperation mechanisms. Vietnam will effectively conduct the Vietnam-Japan Joint Initiative in improving investment environment in Vietnam to create all possible conditions for Japanese firms to invest in Vietnam, PM Dung said. Meanwhile, PM Shinzo Abe said Japan will also consider Vietnam’s suggestion to facilitate Vietnamese agricultural products in entering the Japanese market. Both host and guest welcomed the initiative to establish the Vietnam-Japan University in Hanoi and agreed that cooperation in human resources development is among key issues of the bilateral relationship.

On discussing international and regional issues of common concern, the two leaders emphasized the importance of ensuring peace, stability and development in the region, including peace, security, safety and freedom of navigation and aviation based on international law.

After the talks, the two PMs witnessed the signing of a diplomatic note of exchange for three projects in the 2013 fiscal year worth 54 billion JPY, including the Da Nhim hydro-power plant, Hanoi’s belt road 3’s Mai Dich-Nam Thang Long section flyover, and the international terminal T2 of Noi Bai International Airport.

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