Japan provides JPY11 billion loan for VietnamThe Japanese Government will provide the Vietnamese Government with an 11 billion JPY loan in the 2016 fiscal year to help improve socio-economic infrastructure and the competitiveness of the national economy. Japanese Ambassador Fukada expressed his hope that the Vietnamese Government will use the loan productively and transparently, contributing to helping the country with administrative and financial institution reform. He also took the occasion to urge Vietnam to pay attention to personnel training and effective policy enforcement. With the loan, the Japanese government has so far committed nearly 2.8 trillion JPY in ODA to Vietnam. Based on the diplomatic note, the Vietnamese Finance Ministry and the Japan International Cooperation Agency will sign a specific lending agreement in the future.

Source: VietNamNet News September 07, 2016 02:48 UTC