Japan to fund first subway system in Vietnam
April 11, 2007
By Ken Worsley
Economic cooperation between Japan and Vietnam continues, as the municipal government of Ho Chi Minh City has apparently approved the construction of Vietnam’s first subway system, for which the Japan Bank for International Cooperation will provide $904.7 million. The subway is expected to cost a total of $1.1 billion; 83 percent of the money is set to be provided by Japanese aid. Japan remains the single most generous donor to Vietnam. It has pledged $890 million in aid for this year, which is 6.5 percent higher than the $835.6 million it promised in 2006.
The Ministry of Foreign Affairs is reporting that Le Hong Anh, Vietnam’s Minister of Public Security, will visit Japan from April 12 to 16 under the “Ministry of Foreign Affairs’ Invitation Program to Promote Partnership for the 21st Century.” Mr Anh will meet with Foreign Minister Taro Aso and the two are scheduled to dine together.
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[…] Economic cooperation between Japan and Vietnam continues, as the municipal government of Ho Chi Minh City has apparently approved the construction of Vietnam’s first subway system, for which the Japan Bank for International Cooperation will provide $904.7 million. [Link] […]
[…] April, the municipal government of Ho Chi Minh City approved the construction of Vietnam’s first subway system, for which the Japan Bank for International Cooperation pledged to provide $904.7 […]