HCM City asked to speed up Japanese ODA projects
The Japanese Ambassador to Vietnam
Mitsuo Sakaba has proposed that HCM City ’s authorities step up the
implementation of projects using Japanese ODA capital.
The Japanese Ambassador to Vietnam
Mitsuo Sakaba has proposed that HCM City ’s authorities step up the
implementation of projects using Japanese ODA capital.
The Japanese diplomat made the statement at a meeting with the Secretary of the municipal Party’s Committee Le Thanh Hai on Jan. 11.
Ambassador Sakaba told his host that his government is considering adding extra capital to the city’s East-West Highway project and the first phase of a project to improve the quality of the water in the Tau Hu-Ben Nghe-Doi Te canal.
He said he was also interested in the Ben Thanh-Suoi Tien metro project.
“These projects have taken longer than they should have,” he said, adding that all the concerned parties should closer work together to remove obstacles in procedures and funding.
The slowness can be attributed to hikes in the prices of building materials and the costs associated with adjusting the Vietnamese dong-Japanese yen exchange rate, said the city’s Party official
The municipal Party’s Committee and authorities are anxious about these projects as they are closely related to the city’s socio-economic development and people’s everyday lives. The high cost of the projects will result in local people paying more, he said.
Hai noted that the municipal Party’s Committee has asked the Japan International Cooperation Agency (JICA), the city and all related agencies to ask the Ministry of Finance to introduce different methods of payments for those concerned.
The city’s Party’s Committee and authorities have used the capital effectively, he said, stressing that this has been brought about by the strong strategic partnership between Vietnam and Japan .
In another meeting with the Chairman of the HCM City People’s Committee, Le Hoang Quan later the same day, Ambassador Sakaba said that many Japanese businesses and investors have stated that they are determined to return to HCM City and the southeastern province of Dong Nai after the recession due to the global economic crisis.
For his part, Mayor Le Hoang Quan asked the Japanese diplomat to ask his Government to increase the capital for the East-West Highway and the second phase of the water improvement project and to remind the Japanese contractors to ensure the pace and quality of these projects./.
The Japanese diplomat made the statement at a meeting with the Secretary of the municipal Party’s Committee Le Thanh Hai on Jan. 11.
Ambassador Sakaba told his host that his government is considering adding extra capital to the city’s East-West Highway project and the first phase of a project to improve the quality of the water in the Tau Hu-Ben Nghe-Doi Te canal.
He said he was also interested in the Ben Thanh-Suoi Tien metro project.
“These projects have taken longer than they should have,” he said, adding that all the concerned parties should closer work together to remove obstacles in procedures and funding.
The slowness can be attributed to hikes in the prices of building materials and the costs associated with adjusting the Vietnamese dong-Japanese yen exchange rate, said the city’s Party official
The municipal Party’s Committee and authorities are anxious about these projects as they are closely related to the city’s socio-economic development and people’s everyday lives. The high cost of the projects will result in local people paying more, he said.
Hai noted that the municipal Party’s Committee has asked the Japan International Cooperation Agency (JICA), the city and all related agencies to ask the Ministry of Finance to introduce different methods of payments for those concerned.
The city’s Party’s Committee and authorities have used the capital effectively, he said, stressing that this has been brought about by the strong strategic partnership between Vietnam and Japan .
In another meeting with the Chairman of the HCM City People’s Committee, Le Hoang Quan later the same day, Ambassador Sakaba said that many Japanese businesses and investors have stated that they are determined to return to HCM City and the southeastern province of Dong Nai after the recession due to the global economic crisis.
For his part, Mayor Le Hoang Quan asked the Japanese diplomat to ask his Government to increase the capital for the East-West Highway and the second phase of the water improvement project and to remind the Japanese contractors to ensure the pace and quality of these projects./.
You should also see
Investor confidence gains traction on improved business climate
Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pool of both domestic and international investors for socio-economic development.
See more
Business
Petrol prices decrease slightly on April 25
The retail prices of petrol were adjusted down from 3pm on April 25 by the Ministry of Industry and Trade and the Ministry of Finance.
Business
Vietnamese canned sugarcane juice favoured in US
The first cases of Vietnamese canned sugarcane juice have hit supermarket shelves in Miami, the US state of Florida.
Business
Labels on foods exported to Singapore must be accurate: Trade counselor
Counsellor Cao Xuan Thang, head of the Vietnam Trade Office in Singapore, has advised Vietnamese exporters to pay attention to labeling pre-packaged food products to ensure their credibility and image of businesses when exporting to the Singaporean market.
Business
April 25 gold bullion auction cancelled
The State Bank of Vietnam (SBV) has announced that it canceled the gold bullion auction scheduled for April 25 morning as only one business submitted its bidding form.
Business
High airfares create chance for short-distance trips for Reunification Day holiday
Due to a hike of air ticket prices for domestic flights, Vietnamese tourists are turning to short-distance trips for the upcoming National Reunification Day (April 30) and May Day (May 1) holidays.
