Japan to consider new generation ODA for key Vietnam projects

Japan will consider new generation ODA for Vietnam, with a primary focus on new fields such as digital transformation, green transformation, climate change response and health, alongside infrastructure construction as a traditional field, said newly appointed Japanese Ambassador to Vietnam Ito Naoki.

Japan to consider new generation ODA for key Vietnam projects -0
Newly appointed ambassador of Japan to Vietnam Ito Naoki at a press briefing in Hanoi on June 29

Talking to the press in Hanoi on June 29, Ito cited the joint statement on the establishment of the new partnership framework between the two countries in November 2023, saying the two sides will implement new Japanese ODA projects within the framework of Japan’s new ODA Charter.

He also said Japan recognizes the importance of factors such as high incentives, simple procedures and flexibility with regard to the new generation ODA projects.

Efforts now will be made for projects such as Ho Chi Minh City urban metro line 1, Ben Luc - Long Thanh section of North - South expressway and Hanoi urban metro line 2, according to the diplomat.

The ambassador also highly appreciated Vietnam’s efforts in improving its investment climate, saying more than 2,000 Japanese businesses are operating in Vietnam.

Ito quoted the Japan External Trade Organization (JETRO) saying Vietnam is the second appealing destination for Japanese businesses and about 60% of Japanese businesses say they want to expand investment there.

According to the diplomat, Vietnam attracts Japanese businesses thanks to its positive economic outlook, a large market of 100 million consumers, and an abundant, quality workforce. In addition, Vietnam is currently considered an important link in the supply chain.

During his meeting with Acting President Vo Thi Anh Xuan in mid-May, Ito said Japanese Government supports Vietnam in realising its goal of becoming a developed, high-income country by 2045 with ODA loans as well as expanding cooperation in the fields which are strengths of both sides.

He expressed his wish that Vietnam would continue to improve the business and investment environment and create more favourable conditions for Japanese businesses to operate in the country. 

VOV

Other News

Vietnam accelerates innovation to boost growth, competitiveness

Vietnam accelerates innovation to boost growth, competitiveness

By 2030, Vietnam aims to rank among the world’s top 40 in the GII; raise total social investment in R&D to at least 2% of GDP, with non-State funding accounting for over 60%; increase international scientific publications by an average of 10% annually; and raise the number of patent applications and granted patents by an average of 16-18% annually.

Vietnam sees high growth prospects

Vietnam sees high growth prospects

Experts from the Institute of Vietnam and World Economy under the Vietnam Academy of Social Sciences noted the quality of recent growth as the high growth rate has been recorded against an increasingly higher comparative base.

Vietnam seeks bigger share of global Halal market

Vietnam seeks bigger share of global Halal market

Vietnam's Halal exports remain modest at around 900 million USD a year, accounting for less than 1% of the global market. Most exports are still raw agricultural and seafood products. Only around 1,000–1,300 Vietnamese businesses obtained or maintained Halal certification during 2024–2026.

Hanoi sets up inter-agency mechanism to operate carbon market

Hanoi sets up inter-agency mechanism to operate carbon market

Under a decision of the municipal People’s Committee on establishing an inter-agency working group, departments and agencies are responsible for identifying facilities subject to greenhouse gas inventories, developing emissions-reduction plans and studying projects capable of generating carbon credits.

Shrimp exports reach 3.3 billion USD in eight months

Shrimp exports reach 3.3 billion USD in eight months

According to data from the Vietnam Customs cited by the Vietnam Association of Seafood Exporters and Producers (VASEP), shrimp exports reached 478.5 million USD in August, up 4.2% from the same month last year. The eight-month total stood at 3.3 billion USD, representing a year-on-year increase of 12%.

Russian investors explore opportunities in Vietnam's real estate market

Russian investors explore opportunities in Vietnam's real estate market

Vietnam is seen as a potential market, with considerable room for growth in real estate, particularly commercial property, compared with some regional markets. Strong Vietnam-Russia ties and opportunities to establish foreign-invested enterprises are also considered favourable for Russian investors.

Phu Quoc airport planning adjusted to serve APEC 2027

Phu Quoc airport planning adjusted to serve APEC 2027

For 2021-2030, the Civil Aviation Authority of Vietnam proposed bringing forward the investment in a parallel taxiway system and a connecting taxiway north of Runway No. 2 at Phu Quoc International Airport, in order to connect with the aircraft maintenance and repair facility (hangar) planned for the northern area of ​​the airport.

Policy, infrastructure emerge as new advantages in FDI attraction

Policy, infrastructure emerge as new advantages in FDI attraction

From policy and infrastructure to industrial real estate, Vietnam’s FDI advantages are broadening towards a more integrated production ecosystem, offering investors a stronger combination of conditions for high-value, technology-intensive and long-term projects.

Logistics upgrade vital to 1-trillion-USD trade target: experts

Logistics upgrade vital to 1-trillion-USD trade target: experts

As trade expands, systemic bottlenecks across transport networks, warehousing, ports, border gates, and industrial zones are becoming more apparent. Experts emphasise the need to shift from a fragmented, project-by-project approach toward strategic management structured around trade corridors and integrated supply chains.

Ample room for Vietnam, US to deepen cooperation

Ample room for Vietnam, US to deepen cooperation

Do Ngoc Hung, Trade Counsellor and head of the Vietnam Trade Office in the US, said what stands out is not only the growth in trade volume but also the increasingly deep economic ties between the two countries.

Flexible fiscal policy helps drive economic growth

Flexible fiscal policy helps drive economic growth

According to the Ministry of Finance, State budget revenue in the first eight months of 2026 was estimated at 2.02 quadrillion VND (77.7 billion USD), equivalent to 80% of the annual estimate and up 16% year-on-year. Domestic revenue reached 1.75 quadrillion VND, accounting for 86.6% of total revenue and rising 16.6%.

Electronic components are produced at a factory in Hanoi. (Photo: VNA)

Hanoi's imports surge 41% in first eight months of 2026

Hanoi aims to achieve average annual export growth of at least 12% during 2026-30, with the city seeking to diversify export markets, boost high-tech and value-added products and reduce reliance on traditional markets.