(CPV) – The two sides affirmed that they will coordinate closely in removing difficulties and obstacles on each project, including tax issues for Japanese contractors implementing ODA projects, to promote Accelerate the slow progress of some projects, especially the Cho Ray Hospital facility 2 project and the Vietnam-Japan University.
 |
| Deputy Prime Minister Tran Luu Quang received JICA Senior Executive Vice President Yamada Junichi. |
On the afternoon of March 26, Deputy Prime Minister Tran Luu Quang received Senior Executive Vice President of the Japan International Cooperation Agency (JICA) Yamada Junichi who is on a visit to Vietnam.
At the reception, Deputy Prime Minister Tran Luu Quang welcomed Mr. Yamada Junichi to visit and attend the kick-off meeting of "Vietnam-Japan Joint Initiative in the New Era, Phase 1", coordinated by the Ministry of Planning and Investment. Organized by the Japan Federation of Economic Organizations (KEIDANREN) and the Japanese Embassy, opening up new opportunities for cooperation between the two countries. The Deputy Prime Minister informed the Vice President of JICA about the national budget management mechanism as well as Vietnam's recent efforts in removing difficulties and obstacles and speeding up the progress of projects using ODA capital. Japan.
JICA Vice President Yamada Junichi said that in recent times, Japan's ODA disbursement rate has increased significantly; The late rate is about 1,8 billion Yen, much less than in previous years thanks to the close guidance of the Vietnamese Government. JICA Vice President affirmed his readiness to discuss with Vietnam the implementation of 11 local infrastructure development projects, including considering the possibility that these projects can be bid domestically instead of bidding. International competitive bidding to shorten investment preparation time; proposed that Vietnam build its own legal framework for additional loans outside the medium-term budget plan from JICA as well as other donors such as the World Bank, Asian Development Bank...
Welcoming JICA's proposals, Deputy Prime Minister Tran Luu Quang suggested that the two sides consider and discuss the most appropriate interest rate and each specific project. Both sides affirmed that they would coordinate closely in removing difficulties and obstacles on each project, including tax issues for Japanese contractors implementing ODA projects, to promote progress. Some projects are still slow, especially the Cho Ray Hospital facility 2 project and the Vietnam-Japan University.
Japan is Vietnam's largest ODA partner. From 1992 to present, Japan has given Vietnam over 2.700 billion Yen in ODA loans, nearly 100 billion Yen in non-refundable aid and nearly 180 billion Yen in technical assistance. Japan's ODA accounts for over 30% of bilateral development aid for Vietnam. In 2023, Japan's total ODA capital for Vietnam will reach more than 100 billion Yen, the highest level since 2017.
Reporter – Electronic information portal of the Communist Party of Vietnam
