Japan Grants $32.47M to Development Projects in Vietnam by Late 2011

The Japanese government provided a total of $32.47 million in non-refundable loan for 434 development projects in Vietnam since its resume providing ODA for the Southeast Asian nation to end-2011. In the fiscal year 2011, the Japanese government granted $2.45 million to 25 projects in Vietnam. These projects focus on education, health, transport, agro-fishery and environment. Up to 90% of the funding went to education and health, the Thoi Bao Ngan Hang newspaper reported. The 2012 marks the 20th consecutive year the Japanese government has granted ODA to Vietnam with a total pledged capital of $21 billion to date. Japan will continue to provide official development assistance (ODA) for Vietnam to help the country carry out socio-economic development projects, especially infrastructure and energy projects, Prime Minister Yoshihiko Noda said recently. (Thoi Bao Ngan Hang – Banking Times May 24 p11)