JBIC pledges further funding for Vietnam

The Japan Bank for International Cooperation (JBIC) will continue to provide capital to Vietnam, said its Senior Executive Director Fumio Hoshi at a meeting with the Minister of Finance Vu Van Ninh in Hanoi on April 27.

Mr Fumio said that JBIC’s operations focus on developing natural resources for Japan, sharpening the competitive edge of Japanese technology, coping with financial changes and carrying out global environmental protection projects.

JBIC is very keen to expand its investments in Asia including Vietnam, Mr Fumio emphasised.

Over the past few years, JBIC has funded a number of projects in Vietnam and provided capital for the Vietnam Coal and Mineral Industry Group.

In the near future, JIBC will continue to invest in projects to build an International gateway port in Hai Phong, petro-chemical refineries in Nghi Son and Long Son. In addition, JBIC also wants to promote investment and trade links with Vietnam to help the country develop its capital market.

Mr Ninh thanked the Japanese Government for assisting Vietnam to develop its business operations and said that many Japan-funded projects in Vietnam have proved very effective and recorded satisfactory results.

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