it wants to increase the amount of aid it provides to Vietnam in the
future.
JICA’s chief representative in Vietnam
Tsuno Motonori said that JICA had come to the decision because Vietnam
has joined the group of average income nations which shows that
Vietnam now has a higher economic capacity and uses capital more
effectively.
He said that future JICA assistance
will be based on the Vietnamese Government’s requirements and the agency
will help to upgrade the nation’s transport and electricity
infrastructure. It will also help Vietnam to improve personnel
training and policy mechanisms.
Out of all the
countries that have received JICA aid, Vietnam has been the most
successful in disbursing the funding, he noted.
In
the early 1990s, Japan’s official development assistance (ODA) was
used to build road networks in the northern region, including highways
5, 10 and 18, the Bai Chay Bridge in the northern province of
Quang Ninh and the Binh Bridge in the northern city of Hai Phong .
The traffic system has considerably improved transportation in the
northern region as well as people’s standards of living.
However, in an interview with the Banking Times on September 29,
Motonori said that Vietnam should focus on improving its
infrastructure, human resources and institutions to increase the
competitiveness of its national economy.
Vietnam needs to mobilise more private capital through public private partnerships, he added./.
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