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Japan gives ODA loans to Hoa Lac project

The Japan International Cooperation Agency (JICA) has signed an official development assistance (ODA) loan agreement worth 12.865 billion JPY (117.8 million USD) for the Hoa Lac Science and Technology City Development Project.
Japan gives ODA loans to Hoa Lac project ảnh 1The Hoa Lac High-Tech Park in Hanoi (File Photo)
Hanoi (VNA) - The Japan International Cooperation Agency (JICA)has signed an official development assistance (ODA) loan agreement worth 12.865billion JPY (117.8 million USD) for the Hoa Lac Science and Technology CityDevelopment Project.

Under the project, basic infrastructure will be built for an integrated scienceand industrial technology centre named Hoa Lac High-Tech Park (HHTP).

The park will provide research, development, education and training in the HoaLac area on the outskirts of Hanoi.

The project will also promote human resource education and advanced science andtechnology at the centre.

Previously, Japan provided 15.218 billion JPY for the first ODA loan for thisproject in March 2012.

Vietnam has increased its budget for science and technology each year, but alarge gap separates the country from advanced ASEAN nations.

It still persists in terms of science and technology indicators issued byinternational agencies.

Experts said that building a collaborative system for research institutions,educational institutions and industry while promoting advanced and practicaltechnological development will be the key to address these issues.

JICA’s policy is to implement projects that address development issues inVietnam and offer coordination for JICA’s various types of assistance, whichinclude Japanese ODA loans, technical cooperation and grant aid.

The HHTP, approved in 1998, is the first and the largest hi-tech facility in Vietnamwith total area of 1,586 ha. The park is located along Hanoi’s Thang LongBoulevard, convenient for transport links to Noi Bai International Airport andHai Phong deep-sea port. It is expected to become a model science city and anational hub for technology development and application.-VNA
VNA
#Vietnam #Japan #ODA loans #Hoa Lac project #Japan International Cooperation Agency #JICA #basic infrastructure #Hoa Lac High-Tech Park #vietnamplus #Vietnam News #Vietnam News Agency Japan Vietnam
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