Japan to add 203 mln USD to Vietnam infrastructure projects

20:09, May 27, 2010      

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Japan will provide Vietnam with loans worth 18.4 billion Japanese yen (203 million U.S. dollars) to implement infrastructure development projects.

Vietnamese Ministry of Finance and Japan's International Cooperation Agency signed two agreements on the funding here on Thursday.

These two credit agreements will contribute to the bilateral strategic partnership ties between Japan and Vietnam, said the Finance Ministry.

The funding will go to Ho Chi Minh City's two infrastructure development projects namely West-East Saigon highway worth 154 million U.S. dollars and a water environment improvement project valued at 47.9 million U.S. dollars.

Japan has pledged a total of 15.5 billion U.S. dollars in loans for Vietnam to date.

Source: Xinhua

(Editor:王寒露)

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