Japan provides 11 billions JPY loan to Vietnam

by VTV407 September 2016 Last updated at 09:16 AM

VTV.vn - The Japanese Government will provide the Vietnamese Government with an 11 billion yen loan in the 2016 fiscal year to help improve socio-economic infrastructure and the competitiveness of the national economy.

The above sum, equivalent to 106 million USD, will enable the Vietnamese Government to carry out the third phase of the Economic Management and Competitiveness Credit programme (EMCC), which aims to strengthen reform in several priority fields as part of the 2016-2020 socio-economic scheme adopted by the National Assembly last April. With the loan, the Japanese government has so far committed nearly 2.8 trillion yen in ODA to Vietnam.

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