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Japan to invest in five infrastructure projects in Vietnam
The Japanese Government has decided to invest in nine key infrastructure projects in Southeast Asia, with a total investment of about US$1.16 billion, including five projects in Vietnam.
This is part of Japan’s plan to promote infrastructure services abroad. The Japanese economic daily Nikkei reported that the five projects in Vietnam include airport construction, clean-coal thermal electricity plants, industrial zones, urban planning, and clean water supply systems.
The Japanese Government will start to conduct feasibility studies into these projects in October 2010. It plans to export infrastructure services through a joint effort of the state and the private sector, following a proposal by the Japan Federation of Economic Organisations (Nippon Keidanren).
Japan is currently considering a programme to provide official development assistance (ODA) for road construction and other infrastructure projects requiring a huge amount of long-term investment funds. The Japan Bank for International Cooperation (JBIC) may lend financial support for these projects.
Apart from these infrastructure projects, the Japanese Government also plans to resume loans from the Japan International Cooperation Agency (JICA) and is exploring ways to assist provincial and municipal investors in overseas operations.
In June, 2010, Japan approved a plan to develop an infrastructure export sector with a total investment of 19,700 billion Japanese Yen by 2020, as part of its new economic growth strategy.
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