JICA wishes to continue supporting Vietnam in socio-economic development through ODA

Update: 10:15 | 08/10/2020

The implementation of projects funded by the Japanese Government through the Japan International Cooperation Agency (JICA) amid the Covid-19 pandemic has contributed to Vietnam’s economic recovery, an official from the agency has said.

Addressing a press conference on October 6 in Hanoi, Shimizu Akira, Chief Representative of JICA in Vietnam, said that in accordance with the Vietnamese Government’s instructions to maintain the construction of public works amid the pandemic, JICA has continued to carry out Japanese ODA projects even during the social distancing period and these have helped sustain employment for Vietnamese engineers.

JICA, supporting Vietnam, socio-economic development, ODA, Japanese Government,  economic recovery, Covid-19 pandemic

Chief Representative of JICA in Vietnam Shimizu Akira speaks at the press conference.

There are also about 2,000 workers involved in the project on building HCM City’s urban railway line.

Newly-signed loan projects are in decline, as is the disbursement rate of ODA capital, but the early disbursement of public investment could be a catalyst that has contributed to economic recovery and development in Vietnam, he noted.

The Vietnamese Government and Prime Minister Nguyen Xuan Phuc have paid significant attention to and adopted specific plans to promote the disbursement of public investment capital, he said, expressing his hope that this effort would help JICA accelerate the progress of projects in Vietnam.

JICA has provided financial support worth JPY77.4 billion (over US$733 million) in loan projects and technical cooperation projects for Vietnam’s healthcare sector.

In the context of the Covid-19 pandemic, it will promote medical cooperation with Vietnam on the basis of putting experience collected in the country to use, he said.

Commenting on global supply chain shifts, Akira said the trend gives Vietnam new opportunities but the country needs to improve human resources quality and develop high-quality infrastructure to attract foreign investment.

Regarding support in attracting foreign investment, JICA is implementing a technical cooperation project to strengthen Vietnam’s capacity for improving equity and transparency in its stock market and promoting transparent information disclosure in corporate financial accounting, towards the application of international financial reporting standards.

In the time to come, he affirmed, JICA will continue to support Vietnam in developing infrastructure and will enhance its technical cooperation with the country, contributing to Vietnam’s development.

Additional relief packages required to restore economy
As usual, the end of the third quarter is the time when the Ministry of Planning and Investment (MPI) releases the basic figures needed to evaluate the implementation of the socio-economic development plan of a specific year, including 12 basic targets.
Vietjet CEO an Asian economy transformer: Business Insider
Vietjet Air CEO Nguyen Thi Phuong Thao is the only Vietnamese representative in Business Insider’s latest list of 100 persons who’ve changed the Asian economy.
Vietnam should consider stronger support measures to prop up economy
It is already the middle of the third quarter but actually optimum levels of economic activity have only taken place for about four months overall due to the coronavirus pandemic. July saw some better economic indicators after a period of decline due to social distancing measures.
Vietnam’s economy unexpectedly expands amid Covid-19
Vietnam’s economy unexpectedly expanded in the second quarter, through at its slowest pace since 2011 despite the Covid-19 pandemic, according to Bloomberg.
Facebook launches campaign to assist Vietnam in developing digital economy
Facebook has launched a campaign dedicated to supporting Vietnam in boosting its digital conversion.

Source: NDO/VNA

Bình luận mới vừa được thêm vào. Click để xem
Mới nhấtHay nhấtXếp theo: