Japanese Bank interested in Vietnam's infrastructure sector

Chairman of the Japan Bank for International Cooperation (JBIC) Maeda Tadashi expressed the bank and Japanese firms’ interest in Vietnam's infrastructure sector, particularly high-speed rail development, given their extensive expertise, during a meeting with Prime Minister Pham Minh Chinh in Hanoi on June 29, the Government News has reported.

The bank chairman also confirmed JBIC’s readiness to provide funding for Japanese businesses undertaking green projects in Vietnam.

PM Chinh appreciated JBIC's support in policy dialogue, as well as its provision of numerous loans to promote Japanese investment in Vietnam through key infrastructure and energy projects. 

JBIC has also offered loans to support investment projects by Japanese small and medium-sized enterprises (SMEs) in Vietnam. Most recently, it provided a loan of over $800 million to restart the Block B gas project, according to the PM.

PM Chinh invited JBIC and Japanese enterprises to support these efforts by providing capital, technology, and training. He paid particular attention to the Nghi Son Refinery and Petrochemical LLC (NSRP), a joint venture between Vietnamese, Kuwaiti, and Japanese partners.