Viet told three southern localities to improve administrative
procedures, site clearance and capital disbursement to make a
breakthrough in attracting Japan ’s FDI and ODA capital.
Viet, who is also Politburo member and Secretary of the Party Central
Committee, made the statement at a working session with the authorities
of Ho Chi Minh City and the southern provinces of Dong Nai and Binh
Duong in HCM City on August 30.
He highlighted
Japanese businesses’ capital and technology strength, fast
implementation of their projects and good compliance with Vietnam ’s
laws, thus making considerable contributions to local socio-economic
development.
HCM City is the country’s leading
locality in attracting Japan ’s FDI and ODA capital. By August 2010,
the city had 398 Japanese-invested projects worth over 2 billion USD.
There are four traffic and environment projects that are being carried
out in the city using Japan ’s ODA. They include the East West
Avenue project, the Ben Thanh-Suoi Tien railway project and two water
environment improvement projects.
Binh Duong now has
153 Japanese-invested projects totalling more than 1.2 billion USD and
four ODA projects while Dong Nai has 90 projects worth more than 1.7
billion USD in total and one ODA project.
The three
city and provinces are calling for Japan’s ODA capital for four
infrastructure development projects in HCM City, two water environment
improvement projects in Binh Duong province and three projects in Dong
Nai./.
