Effectively using official development assistance (ODA) is our responsibility towards the Japanese public and we have found that the Vietnamese government and people have made great efforts in this regard, said JBIC chief representative Masayuki Karasawa in a recent interview granted to VOV.
In a recent interview granted to VOV, JBIC chief representative Masayuki Karasawa said the bank mainly focused on infrastructure transport projects (40 percent of the total aid) and on electricity and energy projects (35 percent). It also granted aid to environmental protection projects, and road, healthcare, education and communications development projects in disadvantaged areas. In 2004-2005, JBIC poured 17.4 billion Yen into small-scaled infrastructure development projects for the poor in far-flung areas. Notably, it granted 1.8 billion Yen to healthcare development projects, 5.4 billion Yen to education development projects and nearly 4.9 billion Yen to irrigation upgrade.
According to the JBIC chief representative, corruption is a sensitive issue which affects the efficiency of investment, governance and public administration.
“Effectively using of ODA is our responsibility towards the Japanese public and we have found that the Vietnamese government and people have made great efforts in this regard,” said Mr Karasawa. “We want to cooperate with the Vietnamese Government to fight corruption to make Japanese ODA more effective in your country.”
Talking about JBIC-funded projects in the coming time, the JBIC chief representative said the bank has made preparations for several key projects to get off the ground soon. They include an urban transit railway project in
“Economic ties between the two countries are developing both in investment and trade and this is beneficial not only to
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