Japan to lend $1.6 bln to Vietnam

Vietnam will receive loans worth a combined $1.6 billion from Japan to fund eight projects to develop its infrastructure and technology, the Finance Ministry said on Friday.

The loan agreements, signed by the ministry and the Japan International Cooperation Agency on Friday, brought Japan's fund commitment to Vietnam to around $21 billion, the ministry said in a statement.

The loans will fund Vietnam's development of Hoa Lac science and technology city and infrastructure projects including the expansion of Hanoi-based Noi Bai airport, National Road 3, Ho Chi Minh City railway, the statement said.

Japan is now Vietnam's largest international donor, the ministry said.

vir

>   Chinese businessmen set up warehouses in HCM City (31/03/2012)

>   Carmakers anticipate 20% drop in sales (30/03/2012)

>   Printers aim to reach global standards (30/03/2012)

>   Low-value products hinder electronics, IT development (30/03/2012)

>   Sweets firm denies Lotte take-over rumour (30/03/2012)

>   Tank manufacturer opens factory (30/03/2012)

>   Vietnam invests heavily in Cambodia (30/03/2012)

>   Foreign businesses seek opportunities in Vietnam (30/03/2012)

>   Doubts raised about MOIT’s coal industry development program (30/03/2012)

>   Vietnam, RoK enhance financial cooperation (29/03/2012)