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Japan announces $2 million aid for 18 projects

Released at: 15:01, 23/03/2017

Japan announces $2 million aid for 18 projects

Japanese Ambassador Umeda Kunio (R) at the event. Photo: voh.com.vn

Projects in 15 localities in healthcare, primary education, agricultural production, bomb clearance, vocational training, and local infrastructure.

by Lan Ngoc

The Embassy of Japan in Vietnam has announced $2 million in aid for 18 projects in 15 localities in Vietnam, as part of the Japanese Government’s non-refundable aid program.

Projects focus on a number of fields, including healthcare, primary education, agricultural production, bomb clearance, vocational training, and local infrastructure.

Japanese Ambassador H.E. Umeda Kunio said that Vietnam is rapidly developing economically and becoming urbanized, but many people still don’t enjoy comprehensive education and healthcare. “These projects are expected to contribute to Vietnam’s sustainable development,” he said.

“Localities will cooperate with relevant agencies to conduct projects effectively,” said Mr. Nguyen Ba Khuyen, Chairman of the People’s Committee of Tan Son district, northern Phu Tho province. He also hoped that localities would continue receiving assistance from the Japanese Government in the future.

On March 10, the Japanese Government provided $344,489 in non-refundable aid to Vietnam to implement five projects in Ho Chi Minh City and Dak Lak, Ninh Thuan and Tra Vinh provinces.

The aid is to be used to build kindergartens and water supply systems and purchase equipment for hospitals.

Speaking at a press conference in Hanoi on January 16 after meeting with Vietnamese leaders, Japanese Prime Minister Shinzo Abe affirmed Japan’s continued assistance to Vietnam’s economic development. “For the long-term, Japan and Japanese businesses will continue to provide assistance for Vietnam’s economic development,” he said.

At a conference held to release the “Investment Situation of Japanese Enterprises in Vietnam 2016” report on February 14, Mr. Atsusuke Kawada, Chief Representative of the Japan External Trade Organization (JETRO) in Hanoi, said that more than 60 per cent of Japanese enterprises in Vietnam plan to expand their business and continue to view the country as an important investment destination.

Japan has become one of Vietnam’s leading economic partners. It was the first G7 member to recognize it has a market economy. The two sides signed an investment agreement in 2004 and the Vietnam-Japan Economic Partnership Agreement in 2007, facilitating economic and trade links.

Japan is now Vietnam’s fourth-largest trading partner, with two-way trade hitting over $28.5 billion in 2015 (up 3.3 per cent against 2014) and about $26.8 billion in the first eleven months of 2016.

According to the Ministry of Industry and Trade, as at early December 2016, Japan was the second-largest investor among more than 100 countries and territories investing in Vietnam, with 3,243 projects and capital of $42 billion.

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