Japan pledges $2b Vietnam investment

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

[caption id="attachment_7823" align="alignleft" width="300"] Construction of the Japanese-funded Nhat Tan bridge.[/caption] 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...

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

NO COMMENTS

Leave a Reply