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.
