Japan to Provide More ODA for Vietnam Next Years

Vietnam has demand on development capital and Japan is willing to become a provider with more official development assistance (ODA) for the country years to come, New Ambassador Yasuaki Tanizaki said. Though Japan’s ODA for foreign countries is decreasing due to its huge state deficit, it still wants to give more supports for Vietnam as the country is using its capital effectively, Tanizaki added. Japan will mobilize more capitals not only from the government but also the private companies for economy, trade and culture sectors in Vietnam, the new ambassador highlighted. He also noted that Japan is working out a cooperative package to support finance, technology and infrastructure development projects in Vietnam. It is also keen on nuclear plant and expressway railway projects in the Southeast Asian country. Japan is now the largest bilateral donor of Vietnam with roughly $16 billion committed to the country, accounting for one third of Vietnam’s pledged official development assistance (ODA). At the Consultative Group (CG) meeting held last year, the Japanese government pledged $1.64 billion ODA to the Southeast Asian country this year. (Lao dong – Labor Oct 20 p6)