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NEWS UPDATES Asean Affairs     September  9,  2016  

Japan loans Viet Nam US$108.2 m

 The Japanese Government will provide the Vietnamese Government with a loan of JPY11 billion (US$108.2 million) in fiscal year 2016 to improve socioeconomic infrastructure and the competitiveness of the national economy.

A diplomatic agreement to this effect was signed in H? N?i on Tuesday by the Deputy Minister of Planning and Investment, Nguyen Van Trung, and by the Japanese Ambassador to Vi?t Nam, Hiroshi Fukada.

Deputy Minister Trung hailed Japan as Viet Nam’s biggest provider of Official Development Assistance (ODA) at the signing ceremony. He pledged that the ODA will be used to strengthen the bilateral economic strategic partnership.

The loan will enable the Vietnamese Government to carry out the third phase of the Economic Management and Competitiveness Credit programme (EMCC). This will allow Vi?t Nam to strengthen reforms in several priority areas, as part of the 2016-2020 socioeconomic plan adopted by the National Assembly last April.

Japanese Ambassador Fukada expressed hope that the Vietnamese Government will use the loan productively and transparently to help the country achieve administrative and financial institution reforms. He also urged Vi?t Nam to focus on personnel training and effective policy enforcement.

The Japanese government has committed nearly JPY2.8 trillion ($27.5 billion) in ODA funding to Vi?t Nam so far, including the new loan.

The Vietnamese Finance Ministry and the Japan International Cooperation Agency will sign a specific lending agreement in the future, based on Tuesday’s diplomatic agreement.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


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"We are just waiting to schedule a meeting with the president," Darmin told reporters at his office. He refused to give the exact date the new policy package would come into effect.

 The ministry team must meet with President Joko "Jokowi" Widodo one more time to finalize the details, Darmin said.




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