JICA’s committed loans for Vietnam roughly unchanged in FY 2017
Fujita Yasuo, Chief Representative of JICA Vietnam Office (Photo: VNA)
The capital that the
Japan International Cooperation Agency (JICA) pledges to loan to Vietnam in
fiscal year 2017 (from April 2017 to March 2018) will not differ much from the
previous fiscal year.
Fujita Yasuo, Chief Representative of JICA
Vietnam Office, made the statement at the agency’s press conference on April
20, adding that Vietnam remains one of the countries with the biggest
JICA-funded projects in the world.
In FY 2016, Japan pledged to provide Vietnam
with 187.1 billion JPY (1.7 billion USD) in loans and disbursed 175.6 billion
JPY (1.6 billion USD) for the country.
Fujita Yasuo said in FY 2017, JICA will maintain
its support as in FY 2016 for the fields of promoting economic growth and
international cooperation capacity, enhancing state governance, and supporting
However, the contents subject to the support
will be adjusted in accordance with the Japanese Government’s policies, the
Vietnamese Government’s demand, and sustainable development goals.
The JICA representative said the disbursement
for FY 2017 is set to decrease from FY 2016 since the Thai Binh thermal power
plant project already passed the stage that needed much funding.
Additionally, that the Vietnamese Government
curbs the disbursement of corresponding capital from its budget will also
influence JICA’s disbursement of the committed loans.
Fujita Yasuo pointed out obstacles to JICA’s
support provision, elaborating that the handling of administrative procedures
and site clearance remain sluggish. Meanwhile, procedures for approving ODA
projects have become more complicated under the Vietnamese Government’s Decree
16/2016/ND-CP on the management and use of foreign sponsors’ ODA and
He stressed that JICA respects Vietnam’s public
debt limit, but the country should simplify necessary procedures so as to
facilitate the disbursement of the committed capital and the implementation of
The problems JICA has encountered also face other
foreign sponsors in Vietnam so they will work together to ask the Vietnamese
Government to tackle the aforementioned obstacles, he added.-VNA