Resolving financial difficulties for Japanese BOT power projects

On March 15, 2018, at the Government Office, Deputy Prime Minister Trinh Dinh Dung hosted a reception for the Managing Executive Officer and Global Head of Infrastructure and Environment Finance Group of the Japan Bank for International Cooperation (JBIC) Kazuhisa Yumikura.

Deputy Prime Minister Trinh Dinh Dung received Mr. Kuzuhisha Yumikura

Deputy Prime Minister Trinh Dinh Dung spoke highly of JBIC, a Japanese policy – based financial institution under the Government of Japan, for not only providing numerous loans promoting Japanese FDI into Vietnam but also directly funding important infrastructure projects, especially large -scale projects in the energy field with the involvement of Japanese investors and exporters in Vietnam.

Confirming the important role of BOT power projects in Vietnam such as Nghi Son 2, Van Phong 1 and Vung Ang 2 power plant projects in the power development planning of Vietnam, especially in contributing to the national socio - economic development, Deputy PM Trinh Dinh Dung said that currently BOT power projects are being implemented in accordance with the Government’s Decision approving the National Power Development Master Plan for 2011 - 2020, with a vision to 2030. At the same time, he stated that Viet Nam encouraged the development of high - efficiency power plant projects to meet funding conditions and new regulations of OECD.

During the past time, JBIC has been actively supporting Japanese businesses to invest in, develop production and business in Vietnam. Especially in such areas as infrastructure improvement and energy development, Japanese businesses possessing advanced technologies have been vigorously growing, bringing great mutual benefits to both parties. In the future, JBIC would like to continue its financial support to expand this area.

At the meeting, Deputy Prime Minister Trinh Dinh Dung and Mr. Kazuhisa Yumikura exchanged a lot of information to speed up the financial arrangement for and to remove difficulties in the implementation of some BOT power projects of Japanese investors in Vietnam.

  • 16/03/2018 06:13