THE SOCIALIST REPUBLIC OF VIET NAM
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Viet Nam seeks Japan's new-generation ODA loans with more favorable terms
VGP – Prime Minister Le Minh Hung suggested JICA provide Viet Nam with new-generation ODA loans with more favorable terms and flexible procedures to support projects in semiconductors, AI, quantum technology, digital and green transformation, space technology, energy, infrastructure, disaster prevention and supply chains.
Prime Minister Le Minh Hung hosts a reception for President of the Japan International Cooperation Agency Tanaka Akihiko in Ha Noi, June 11, 2026. Photo: VGP
During his reception for JICA President Tanaka Akihiko in Ha Noi on Thursday, Prime Minister Le stressed that Japan remains Viet Nam's largest ODA.
Le urged JICA to work closely with Vietnamese Ministry of Finance and relevant agencies to identify feasible projects and accelerate the signing of an agreement to facilitate Japan's non-refundable aid projects.
He suggested JICA to beef up studies for a budget-support loan in AI and digital transformation, while expanding training programs for leadership and management personnel.
The Prime Minister also proposed JICA coordinate with Vietnamese ministries, sectors and localities to formulate a cooperation portfolio for 2026–2030, including accelerating the signing of a loan agreement for the O Mon III Thermal Power Plant project in 2026, and the Viet Nam-Japan University project—one of the flagship symbols of bilateral relations, as well as climate-resilient infrastructure projects in the Mekong Delta.
He asked for strengthening the trilateral working mechanism involving the Vietnamese Ministry of Finance, the Japanese Embassy and JICA to address bottlenecks affecting projects, propose solutions, and promote cooperation with localities, particularly Ha Noi and Ho Chi Minh City, especially in strategic infrastructure development.
For his part, Tanaka spoke highly of Viet Nam's development achievements and directions, saying that JICA has proposed new directions for ODA cooperation with Viet Nam in the coming period, concentrating on four pillars- developing high-quality human resources, promoting industrial development and supply chains, strengthening institutional and policy frameworks, and developing infrastructure.
At the meeting, the two sides also discussed measures to speed up several projects, including the Viet Nam-Japan University and Ha Noi's Metro Line No. 2's Nam Thang Long – Tran Hung Dao section.