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.
The 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 12.865
billion JPY (117.8 million USD) for the Hoa Lac Science and Technology City
Development Project.
Under the project, basic infrastructure will be built for an integrated science and industrial technology centre named Hoa Lac High-Tech Park (HHTP).
The park will provide research, development, education and training in the Hoa Lac area on the outskirts of Hanoi.
The project will also promote human resource education and advanced science and technology at the centre.
Previously, Japan provided 15.218 billion JPY for the first ODA loan for this project in March 2012.
Vietnam has increased its budget for science and technology each year, but a large gap separates the country from advanced ASEAN nations.
It still persists in terms of science and technology indicators issued by international agencies.
Experts said that building a collaborative system for research institutions, educational institutions and industry while promoting advanced and practical technological development will be the key to address these issues.
JICA’s policy is to implement projects that address development issues in Vietnam and offer coordination for JICA’s various types of assistance, which include Japanese ODA loans, technical cooperation and grant aid.
The HHTP, approved in 1998, is the first and the largest hi-tech facility in Vietnam with total area of 1,586 ha. The park is located along Hanoi’s Thang Long Boulevard, convenient for transport links to Noi Bai International Airport and Hai Phong deep-sea port. It is expected to become a model science city and a national hub for technology development and application.-VNA
Under the project, basic infrastructure will be built for an integrated science and industrial technology centre named Hoa Lac High-Tech Park (HHTP).
The park will provide research, development, education and training in the Hoa Lac area on the outskirts of Hanoi.
The project will also promote human resource education and advanced science and technology at the centre.
Previously, Japan provided 15.218 billion JPY for the first ODA loan for this project in March 2012.
Vietnam has increased its budget for science and technology each year, but a large gap separates the country from advanced ASEAN nations.
It still persists in terms of science and technology indicators issued by international agencies.
Experts said that building a collaborative system for research institutions, educational institutions and industry while promoting advanced and practical technological development will be the key to address these issues.
JICA’s policy is to implement projects that address development issues in Vietnam and offer coordination for JICA’s various types of assistance, which include Japanese ODA loans, technical cooperation and grant aid.
The HHTP, approved in 1998, is the first and the largest hi-tech facility in Vietnam with total area of 1,586 ha. The park is located along Hanoi’s Thang Long Boulevard, convenient for transport links to Noi Bai International Airport and Hai Phong deep-sea port. It is expected to become a model science city and a national hub for technology development and application.-VNA
You should also see
Youths' efforts yield socio-economic fruits
Many activities were carried out across the nation during the Vietnam’s Youth Month, an annual festivity taking place in March to celebrate the establishment of the Ho Chi Minh Communist Youth Union (HCYU), contributing to the nation’s socio-economic development, heard a conference held by the union's Central Committee in Hanoi on April 23.
See more
Business
Mining Vietnam 2024 opens in Hanoi
The 6th International Mining and Minerals Recovery Exhibition for Vietnam (Mining Vietnam 2024) kicked off in Hanoi on April 24.
Business
Standard Chartered revises down Vietnam’s GDP growth forecast in 2024 to 6%
Standard Chartered Bank has lowered Vietnam’s GDP growth forecast in 2024 to 6% from the previous 6.7% due to lower-than-expected Q1 growth and global trade headwinds.
Business
Auction for gold bullion to continue on April 25
Another bidding session for 16,800 taels of gold bullion will be held on April 25, the State Bank of Vietnam said in a statement.
Business
Over 20,000 products exhibited at Global Sourcing Fair Vietnam 2024
The Global Sourcing Fair Vietnam 2024 hosted by Global Sources kicked off in Ho Chi Minh City on April 24 with the participation of over 400 Vietnamese exhibitors and those from other Asian nations who are showcasing over 20,000 export-standard products across various industries.
Business
Vietnam attends Asia’s biggest food, hospitality expo in Singapore
Five Vietnamese enterprises operating in the fields of food and hospitality are attending the Food & Hotel Asia (FHA) 2024 which is taking place in Singapore from April 23-26.
