Projects invested by Japanese investors or funded by Japanese official development assistance (ODA) capital have played a crucial role in economic development of Vietnam and Hanoi in particular, said Chairman of the municipal People’s Committee Nguyen Duc Chung.

Hanoi People’s Committee Chairman Nguyen Duc Chung (R) and Chief Representative
of JICA’s Vietnam Office Konaka Tetsuo (Photo: VNA)

The Hanoi leader affirmed this at a reception on March 20 for Chief Representative of the Japan International Cooperation Agency (JICA)’s Vietnam Office Konaka Tetsuo.

According to Chung, effects caused by the COVID-19 epidemic on the world’s top ten economies, including Japan, will impact greatly on Vietnam's economy.

He expressed the hope that the two sides will work closely together to accelerate the implementation of Japan’s investment projects in the city, thus further strengthening their cooperation and reducing losses caused by the pandemic.

Hanoi is doing its utmost to prevent the spread of the COVID-19, Chung said, adding that the experience of Japan, China and the Republic of Korea in this work has proven effective.

For his part, Konaka praised the Vietnamese Government and Hanoi for their efforts in the fight against the epidemic, saying that Vietnam’s performance is even better than Japan’s.

The JICA official noted that Japan’s ODA funds have been used effectively in Hanoi, citing the Yen Xa water plant as an example.

He added that when the Hoa Lac Hi-Tech Zone project is completed, Hanoi will have many opportunities to attract investment from foreign technology companies.

He also asked the municipal authority to quickly address existing shortcomings in projects funded by Japanese ODA in the city, and continue to support JICA’s activities in the coming time.