Vietnam Expects Strong Japanese ODA: Premier

Tuan Minh

15:47 26/05/2016

BizLIVE - Vietnamese PM Nguyen Xuan Phuc has given an interview to Japanese news agencies ahead of his visit to Japan.

Vietnam Expects Strong Japanese ODA: Premier

Vietnamese PM Nguyen Xuan Phuc. (Photo: VGP)

Vietnam expects Japan to continue providing robust official development assistance (ODA), part of a larger plan to deepen the strategic partnership between the two countries, said Prime Minister Nguyen Xuan Phuc told Japanese news agencies before departing for a three-day visit to the Northeast Asian country.
Vietnam longs for Japanese ODA in the sectors of infrastructure construction, human resource training, disaster mitigation, response to climate change, economic reform and sustainable development, the PM said.
Vietnam welcomes Japan’s infrastructure development partnership launched by PM Shinzo Abe and expects to become a priority of this program, he noted.
Vietnam will focus consolidating ties with Japan in other four sectors: (i) an action plan for six industries in Vietnam’s industrialization strategy, (ii) trade and investment, (iii) agriculture and science-technology, and (iv) response to natural disasters and climate change.
Vietnam and Japan established diplomatic relations 43 years ago. “It can be said that the Vietnam-Japan relationship is now at the best phase ever,” the PM noted.
Japan is Vietnam’s leading economic partner, with bilateral trade topping $28 billion in 2015 and Japanese foreign direct investment totaling $39 billion. Around 2,000 Japanese including top conglomerates are doing business in Vietnam.
In fiscal years from 1992 to 2014, Japan pledged to provide $27 billion in ODA for Vietnam. In FY2015, ODA committed by the second largest economy in Asia reached $2.5 billion, the largest ever amount.
Vietnam welcomed nearly 700,000 Japanese tourists in 2015 and some 200,000 Vietnamese spent holidays in Japan last year.  
PM left Vietnam on May 26 to start a three-day visit to Japan, where he will attend the Group of 7 (G7) Summit in Mie prefecture.
He will holds talks with PM Shinzo Abe to deepen ties in the fields of political trust building, trade and investment, ODA, supporting industries, agriculture, health, education, science-technology and response to climate change.