VietNamNet Bridge – Vietnam and Japan will sign a diplomatic note to resume the granting of Japanese official development assistance (ODA) to Vietnam at the headquarters of the Ministry of Planning and Investment in Hanoi on March 31. 
The signing ceremony will be chaired by Minister of Planning and Investment Vo Hong Phuc and Japanese Ambassador to Vietnam Mitsuo Sakaba.
The total amount of Japanese ODA committed to Vietnam is said to be JPY73.2 billion (around $900 million). This sum will be allocated to four projects: the construction of Hanoi’s urban railway system, the second phase of Hanoi’s water drainage project, a water drainage and environment improvement project in Hai Phong, and the upgrading of bridges and provincial roads.
The two sides agreed to set up an agency under the Ministry of Planning and Investment to play the role of a third party to evaluate and choose the best contractors for projects funded by Japanese ODA.
On February 23, after a talk with Minister Vo Hong Phuc in Tokyo, Japanese Foreign Minister Nakasone announced the resumption of Japanese ODA grants to Vietnam.
In a recent talk with VietNamNet, Japanese Ambassador Mitsuo Sakaba confirmed Japan’s consistent policy of “always trying to assist Vietnam’s development”. Despite economic slowdown and the decrease of ODA grants for other countries, Japan has increased ODA for Vietnam.
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