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 The signing ceremony of the exchange of notes on Japanese ODA loan was held today in Ha Noi to finance ¥83.2 billion (or US $900 million) for four projects in the fiscal year 2008. The event is the first one of its kind since Japan decided to resume its ODA for Vietnam in late February.
The first ODA project will be the construction of the first underground urban rail line in Ha Noi. According to Mr. Tsuno Motonori, chief representative of the Japan International Cooperation Agency (JICA) in Ha Noi, the project, granted with ¥14.688 billion, will be launched in mid-2011 and finished after three years.
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Wednesday, April 1, 2009
Japan, Vietnam pen notes of ODA resumption
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