Vietnam and Japan have inked a note on the Japanese Government’s ODA to Vietnam worth 202,926 billion yen (over 2 billion USD) in its 2012 fiscal year.

At the signing ceremony on March 22 in Hanoi , Minister of Planning and Investment Bui Quang Vinh highlighted the important role the assistance plays in Vietnam ’s industrialisation and modernisation, helping Vietnam improve its capability in a range of fields, especially in building infrastructure and coping with climate change.

Vietnam always appreciates ODA from the Japanese Government, Vinh said, pledging to utilise it properly, efficiently and transparently, .

For his part, Japanese Ambassador to Vietnam Yasuaki Tanizaki affirmed the Japanese Government’s consistent support for Vietnam ’s strategy for socio-economic development by offering assistance for projects in various fields that improve the infrastructure system and living standards.

Japan is Vietnam ’s second biggest bilateral donor, with ODA totalling 2.118 trillion yen.-VNA