Japan wants to invest in HCMC metro lines

Saturday, 2016-11-19 21:50:51
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Japanese State Minister for Foreign Affairs Nobuo Koshi and Deputy Standing Secretary of the Ho Chi Minh City Party Committee Tat Thanh Cang. (Credit: VOH)
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NDO/VNA—Japanese businesses are keen to share their experience, transfer technology and invest in the construction of Metro Line 3A and a trade centre at the central station of metro line No. 1 in Ho Chi Minh City.

Japanese State Minister for Foreign Affairs Nobuo Koshi made a remark to this effect at a meeting with Deputy Standing Secretary of the municipal Party Committee Tat Thanh Cang in the city on November 19.

He said the Japanese government and Japanese local administrations and businesses hope to push ahead with their cooperation with Vietnam and Ho Chi Minh City in particular in all fields, adding that the rapid increase in the number of Japanese investors in the city demonstrates the Japanese side’s wish for stronger bilateral cooperation.

According to Koshi, Japan’s official development assistance (ODA) projects, including transport infrastructure ones, are progressing in a timely manner in HCMC.

Cang proposed that Japan continue supporting the city in implementing projects using Japanese ODA, especially the Ben Thanh metro station and Metro Line 3A connecting the city with the southern provinces of Binh Duong and Dong Nai.

He expressed his wish for stronger collaboration with Japan in various fields, ranging from health, culture and education to trade, investment and hi-tech agriculture.

The official urged Japan to speed up the implementation of the Cho Ray hospital project, organise a Vietnamese cultural week in Japan and support human resources training at electronic chip production factories.

Local authorities are willing to create the best conditions in which for Japanese firms to invest in development projects in the city and have pledged to work closely with enterprises to ensure the efficiency of ODA-funded projects, he said.