Japan pledges $2b Vietnam investment

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Cau-Nhat-Tan-001-b
Construction of the Japanese-funded Nhat Tan bridge.

Japan has said it will invest $2.16 billion into 12 projects in Vietnam mainly in the infrastructure and power sectors, according to an agreement signed in Hanoi on March 22 by Japanese Ambassador to Vietnam Tanizaki Yasuaki and Vietnamese Minister of Planning and Investment Bui Quang Vinh.

Eleven of these projects are expected to receive investment capital through the Japan International Cooperation Agency (JICA), about to sign its own funding agreement with the Vietnam Ministry of Finance. The remaining project – the first phase construction of the O Mon 3 thermal electric power plant – will need to wait for loans because of certain procedures as yet incomplete.

Four of the projects include the construction of Cai Mep Seaport in Ba Ria-Vung Tau, the construction of the Nhat Tan bridge and urban railway route in Hanoi, and the upgrade of the Hanoi-HCM City railway route. However, all four of the preferenced projects must involve Japanese bidders in accordance with the special condition the JICA imposes on its economic partners.

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Reading Time: 1 minute

Construction of the Japanese-funded Nhat Tan bridge.

Japan has said it will invest $2.16 billion into 12 projects in Vietnam mainly in the infrastructure and power sectors, according to an agreement signed in Hanoi on March 22 by Japanese Ambassador to Vietnam Tanizaki Yasuaki and Vietnamese Minister of Planning and Investment Bui Quang Vinh.

Reading Time: 1 minute

Cau-Nhat-Tan-001-b
Construction of the Japanese-funded Nhat Tan bridge.

Japan has said it will invest $2.16 billion into 12 projects in Vietnam mainly in the infrastructure and power sectors, according to an agreement signed in Hanoi on March 22 by Japanese Ambassador to Vietnam Tanizaki Yasuaki and Vietnamese Minister of Planning and Investment Bui Quang Vinh.

Eleven of these projects are expected to receive investment capital through the Japan International Cooperation Agency (JICA), about to sign its own funding agreement with the Vietnam Ministry of Finance. The remaining project – the first phase construction of the O Mon 3 thermal electric power plant – will need to wait for loans because of certain procedures as yet incomplete.

Four of the projects include the construction of Cai Mep Seaport in Ba Ria-Vung Tau, the construction of the Nhat Tan bridge and urban railway route in Hanoi, and the upgrade of the Hanoi-HCM City railway route. However, all four of the preferenced projects must involve Japanese bidders in accordance with the special condition the JICA imposes on its economic partners.

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