July 05, 2023 | 16:30 GMT+7

Japan provides ODA loan for economic recovery and infrastructure development

Anh Nhi -

JICA loan of $448mln signed on July 4.

The signing ceremony for the loan on July 4.
The signing ceremony for the loan on July 4.

The Japan International Cooperation Agency (JICA) has committed to provide an official development assistance (ODA) loan of nearly $450 million for Vietnam’s post-Covid-19 pandemic recovery and key infrastructure projects.

A signing ceremony for the loan agreements between JICA and the Vietnamese Government was held on July 4.

Of the total, around VND8.75 trillion ($369 million) is earmarked for the General Budget Support Program for Socio-economic Recovery and Development of Vietnam Post-Covid-19 Pandemic.

More than VND1.09 trillion ($46 million) will be allocated to the Public Transport Infrastructure Improvement Project in southern Binh Duong province.

The remaining VND829 billion ($35 million) will be earmarked for upgrading infrastructure to boost agricultural development in the central highlands’ Lam Dong province.

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