Business

Japan helps improve investment climate

The Japanese Government has decided to provide 120 million USD for a project in Vinh Phuc province to help the northern midland province improve the investment climate.
The Japanese Government has decided to provide 120 million USD for aproject in Vinh Phuc province to help the northern midland provinceimprove the investment climate.

The ODA funding,channelled through the Japan Bank for International Cooperation (JBIC),will help build a key road in the heart of a new metropolis in Me Linhdistrict and expand the systems of water supply, sewage and liquid wastetreatment in Vinh Yen city.

The project willalso finance the upgrade of a power grid network in Phuc Yen townshipand improve the provincial competence in managing and attractinginvestments as well as providing supportive services for investors.

The provincial administration has so far managed to meet thedeadlines in ground clearance as well as commitments to financialcontributions, thus ensuring the construction of several subprojectssuch as water works to kick off on schedule by 2011.

Once completed, water works in Son Dong village, Lap Thach district,and Viet Xuan village, Phuc Yen district, will provide safe water fortens of thousands of local families in eight villages of severaldistricts in the province./.
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