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Japanese non-refundable aid to Vietnam with total value of 850 million Yen

06/08/2014

(MPI Portal) – On August 1st 2014, signing Ceremony of exchange of Notes concerning two Japanese non-refundable aids to Vietnam worth 850 million Yen was taken place in Hanoi.

 

     Thereby, the first non-project grant aid worth 500 million Yen was signed by Minister of Planning and Investment of Vietnam Bui Quang Vinh and Minister for Foreign Affairs of Japan Kishida Fumio to ensure maritime safety of Vietnam. Through this aid, Japan will support to provide vessels and equipment for maritime law enforcement of Vietnam.

The second worth 350 million Yen which is Japanese Grant Aid for Human Resource Development Scholarship (JDS) in Vietnam in 2014 was signed by Minister of Education and Training of Vietnam Pham Vu Luan and Minister for Foreign Affairs of Japan Kishida Fumio.

 

      After the signing Ceremony, Mr. Pham Binh Minh, Deputy Prime Minister, Minister of Foreign Affairs and Mr. Kishida Fumio, Minister for Foreign Affairs of Japan co-chaired the press conference and announced the results of the 6th meeting of Vietnam – Japan Cooperation Committee. Deputy Prime Minister Pham Binh Minh stressed that Vietnam Government thanks for and appreciates the ODA of Japan Government, this capital resource contributed actively to socio – economic development of Vietnam.

      At the 6th meeting of Vietnam – Japan Cooperation Committee, the two sides discussed solutions of strengthening investment cooperation, through the implementation of the 5th phase of Vietnam – Japan Joint Initiative; strengthening infrastructural investment; investment implement cooperation following form of public – private partnership (PPP) and other issues which the two sides are interested in.

 

      Minister Kishida Fumio assessed that good traditional relationship between Vietnam and Japan has been fostering for over 40 years and increasingly developing in both width and depth. Especially, cooperation between Vietnam and Japan has transferred to new stage, from strategic partnership to deep and broad strategic partnership for peace and prosperity in Asia. He said that agriculture, industry and Trans-Pacific Strategic Economic Partnership Agreement (TPP) are the important areas in which the two sides are going to cooperate in the coming time./.

 (Source: MPI portal)

 

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