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Signing of Yen Loan Agreement for Vietnam: Contributing to Strengthening Vietnam-Japan Relations through Urban Transport Development, Agricultural Growth, and Financial Assistance | News & Media

Posted on 2023-07-28 by Editor in Chief

The Japan International Cooperation Agency (JICA) signed a Loan Agreement (L/A) with the Government of the Socialist Republic of Vietnam on July 4 in Hanoi for three projects totaling up to 60,983 million yen. The Loan Agreement covers the following three projects (1) Binh Duong Province Public Transport Infrastructure Improvement Project (Loan amount: 6,244 million yen)

(2) Lam Dong Province Agricultural Development Infrastructure Improvement Project (Phase 1) (Loan amount: 4,739 million yen)

(3) Loan to support response to new strains of coronavirus infection (Loan amount: 50 billion yen) Signing ceremony

Details of each business are as follows

(1) Binh Duong Province Public Transportation Infrastructure Improvement Project

(Public Transport Infrastructure Improvement Project in Binh Duong Province)

(a) Purpose and outline of business

Binh Duong Province, which is adjacent to Ho Chi Minh City, plays an important role in Vietnam’s industry and is promoting investment by foreign companies, including Japanese companies.

This project aims to contribute to the economic development of Ho Chi Minh City metropolitan area by building a flyover, a public transportation priority system (PTPS), and a median strip on the main road (Mie Phuc-Tan Bang Road) connecting Binh Duong New City and Suoi Thien Terminal Station to meet the increasing traffic demand in the province and to improve the connectivity with Ho Chi Minh City, thereby contributing to the economic development of Ho Chi Minh City. The project will contribute to the Sustainable Development Goals (SDGs) Goal 3 (health and well-being for all) and Goal 9 (build a foundation for industrial and technological innovation).

(b) Project implementing agency

(1) Line Agency

Binh Duong Provincial People’s Committee

(Binh Duong Province People’s Committee)

Address: Floor 16, Tower B, Provincial Building of Administrative Center, Le Loi Street, Hoa Phu Ward, Thu Dau Mot City, Binh Duong Province

TEL: +84-2743-822-200

(2) Executing Agency

Binh Duong Province Transportation Construction Investment Management Committee

(Binh Duong Province Traffic Construction Investment Project Management Board)

Address: Floor 12B, Tower B, Provincial Building of Administrative Center, Le Loi Street, Hoa Phu Ward

TEL: +84-2743-856-856

(c) Schedule for future project implementation (tentative)

1 . Scheduled completion of the project: May 2028 (project completion at the time the facility is put into service)

Expected completion date of the project: May 2028 (the project will be completed when the facility is put into service) 2 . Scheduled date of sending invitation for consulting services (detailed design, etc.): 3rd quarter of 2023

Expected date of sending invitation for consulting services (detailed design, etc.): 3rd quarter of 2023 3 . Publication of bids for the first procurement package through local competitive bidding for the main body of work: 4th quarter of 2024

(2) Lam Dong Province Agricultural Development Infrastructure Improvement Project (Phase 1)

(Project for Upgrading Infrastructure for Agricultural Development in Lam Dong Province (Phase1)

(a) Purpose and outline of business

Lam Dong Province, the largest producer of vegetables and flowers in Vietnam, has been selected as a model region for adding value and improving international competitiveness, including the establishment of a food value chain, and the plan is to model success in the province and expand throughout the country.

This project aims to support the development of basic agricultural infrastructure such as roads and irrigation facilities as well as a flower collection center in Lam Dong Province, a model region for Japan-Vietnam agricultural cooperation, thereby contributing to the advancement and value addition of agricultural production systems and the establishment of a stable supply system. (End poverty), 10 (End inequality among people and countries), and 13 (Take concrete measures against climate change) of the SDGs (Sustainable Development Goals).

(b) Project implementing agency

(1) Line Agency

Lam Dong Provincial People’s Committee

Address:04 Tran Hung Dao Street, Da Lat City, Lam Dong Province Viet Nam

Tel: +84-2633-822-307

(2) Executing Agency

Yen Loan Management Unit

(Lam Dong Civil and Industrial Investment and Construction Project Management Unit)

Address:Provincial Administration Building, 36 Tran Phu Street, Ward 4, Da Lat City

Lam Dong Province, Viet Nam

Tel: +84-2633-520-069

(c) Schedule for future project implementation (tentative)

1 . Project completion date: March 2026 (Project completion upon completion of all construction (March 2026))

Expected completion date of the project: March 2026 (project completion upon completion of all construction (March 2026)) 2 . Expected date of sending invitation letter for consulting services (detailed design, etc.): 3rd quarter of 2023

Expected date of sending invitation for consulting services (detailed design, etc.): 3rd quarter of 2023 3 . Public notice of bidding for the first procurement package through local competitive bidding for the main body of work: procurement required for the project will be carried out through domestic bidding, and no procurement through international competitive bidding is planned.

(3) Loans to support response to new coronavirus infection

(General Budget Support Program for Socio-economic Recovery and Development of Viet Nam Post-Covid-19 Pandemic)

(a) Purpose and outline of business

This project will address the financial needs of the Vietnamese government’s corona control package to minimize the social and economic impact of the spread of the new coronavirus in Vietnam. Through financial support, the project will promote Vietnam’s economic and social stability and development efforts, and contribute to Goal 3 (health and well-being for all) and Goal 8 (both job satisfaction and economic growth) of the SDGs (Sustainable Development Goals).

(b) Project implementing agency

Ministry of Finance of the Socialist Republic of Viet Nam

Address:28 Trang Hung Dao Street, Hanoi, Viet Nam

Tel: +84-42220-8126

(c) Schedule for future project implementation (tentative)

1 . Project completion date: December 2023 (project completion upon completion of all loans)

Loan Amount and Terms

read more

© Source JICA

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