Business

HCM City pledges to implement Japanese ODA projects effectively

Ho Chi Minh City has committed to coordinating closely with the Japan International Cooperation Agency (JICA) to effectively carry out projects using the Japanese Government’s ODA.
HCM City pledges to implement Japanese ODA projects effectively ảnh 1The first train of Metro Line 1 - Illustrative image (Source: VNA)

HCM City (VNA) – Ho Chi Minh City has committed to coordinating closelywith the Japan International Cooperation Agency (JICA) to effectively carry outprojects using the Japanese Government’s ODA.

The pledge was made by Chairman of themunicipal People’s Committee Nguyen Thanh Phong while receiving the new JICAChief Representative in Vietnam, Shimizu Akira, on June 3.

Phong told the guest that the city hasbasically controlled the spread of the COVID-19 in community and moved to the newnormal state, with the dual target of disease prevention and economic recoveryand development.

In this context, it defines that steppingup public investment disbursement is one of the important measures to supportits economic development and helps speed up the process of Japan’s ODAprojects.

The official acknowledged efforts by JICAand investors in speeding up the construction on these projects, includingMetro Line 1, amid the COVID-19 outbreaks.

He suggested Akira soon sign the final loanagreement for the project, encourage the contractors to focus their resourceson finishing it by year-end, and help speed up the construction on water, andwastewater projects.

Akira expressed his hope that Ho Chi MinhCity’s economic recovery policies and activities will soon take into effect,thus contributing to stabilising Vietnam’s economy.

He proposed the city’s leaders continuefacilitating the construction of on-going projects, resume the granting of visasfor Japanese experts and engineers, and support the import of equipment andmachines serving these projects.

In the time to come, JICA will work withthe locality in carrying out the urban railway projects and study thepossibility of cooperation in the environmental field and flooding prevention,he added./. 
VNA
#Ho Chi Minh City #JICA #Japanese Government #ODA #Japanese ODA projects #JICA Chief Representative #Vietnam #Vietnamplus #Vietnam News Agency Ho Chi Minh City
Follow VietnamPlus

Related News

Hanoi, JICA work to accelerate ODA projects

Hanoi, JICA work to accelerate ODA projects

Projects invested by Japanese investors or funded by Japanese official development assistance (ODA) capital have played a crucial role in economic development of Vietnam and Hanoi in particular, said Chairman of the municipal People’s Committee Nguyen Duc Chung.

See more

The Vietnam–Cambodia business connectivity conference held in Ho Chi Minh City on July 15 aims at boosting trade and investment between the two economies. (Photo: VNA)

Conference seeks ways to promote Vietnam – Cambodia trade

The value of trade between Vietnam and Cambodia reached 6.2 billion USD in the first six months of 2025, a year-on-year increase of 16.8%. Vietnam's exports to Cambodia totaled 2.7 billion USD, up 4.6% from the same period last year.

A Korea-invested company in Hue city, Vietnam (Photo: VNA)

Foreign investors show strong confidence in Vietnam’s long-term investment potential

While concerns over tariffs are real and may lead some foreign investors to take a more cautious approach in disbursing capital, especially for large-scale and long-term projects, Vietnam still holds significant advantages in attracting FDI thanks to a favourable business environment and, most importantly, the Government’s strong commitment to supporting investors.

Deputy Minister Nguyen Hoang Long, Minister of State Douglas Alexander, and representatives from ministries and the embassies of both countries pose for a group photo at the 14th JETCO meeting. (Photo: VNA)

Vietnam, UK boost economic, trade ties

Over the past decade, trade and investment relations between Vietnam and the UK have made remarkable strides. On trade, the two countries have implemented the UKVFTA for more than four years, and most recently, the UK’s accession as the 12th member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has further strengthened bilateral cooperation.

Workers assemble parts on an automotive production line in HCM City. The city’s industrial sector is showing strong signs of recovery. (Photo: moit.gov.vn)

HCM City sees strong recovery in industrial production

HCM City's 23 industries – including printing and media reproduction, furniture manufacturing, non-metallic mineral products, motor vehicles, electrical equipment, clothing and electronic and optical products – reported higher output in the first half of 2025.

Workers pack cashew nuts at Duc Thinh production and trading co., ltd., former Binh Phuoc province (Photo: VNA)

Vietnam targets 4.5 billion USD in cashew exports for 2025

Figures from the first six months show cashew exports reached 346,800 tonnes, earning 2.36 billion USD, a drop of 2.7% in volume but a surge of 20.4% in value annually. The rise was largely attributed to a significant increase in export prices, which helped offset lower shipment volumes.

The Hai Phong City Convention and Performance Centre is one of the venues for ABAC III. (Photo: VNA)

Hai Phong expects strong wave of investment from APEC member economies

Hai Phong will present investment registration certificates for 32 projects and sign seven Memoranda of Understanding, with total committed capital exceeding 15.6 billion USD. These projects include investments from Europe and the US, reflecting the growing interest of global investors in the city's business environment and development potential.

The ongoing administrative reforms are expected to expand the real estate sector's appeal to investors. (Photo: VNA)

Institutional reforms open new investment frontier for realty sector

Assessing the impact of the new model, Director at Savills Vietnam’s Advisory Services Do Thi Thu Giang said that the deeper decentralisation of authority to local administrations will help reduce processing time for construction permits and project approvals, thereby reducing opportunity costs and increasing investment efficiency.

Minister Counsellor Pham Quang Huy, deputy head of Vietnam's Permanent Mission to Geneva and representatives of St. Gallen Endowment. (Photo: VNA)

Vietnam boosts cooperation with St. Gallen Endowment of Switzerland

Minister Counsellor Pham Quang Huy, deputy head of Vietnam's Permanent Mission to Geneva, has recently held a working session with representatives of the St. Gallen Endowment to boost cooperation between Vietnam and the Swiss fund, as part of his attendance at a seminar in Geneva on risk levels and countries’ trade responses to rising tariffs.