Hanoi (VNA) – Prime Minister Pham Minh Chinh hosteda reception in Hanoi on July 22 for Governor of Japan Bank for InternationalCooperation (JBIC) Maeda Tadashi,during which the PM hailed the effective and positive cooperation from the bankand its provision of loans for important infrastructure and large-scaleprojects in Vietnam.

PM Chinh highlighted the strong growth of the Vietnam-Japanrelations, noting that Japan has been the leading economic partner ofVietnam, the largest ODA provider, the second biggest labour export market, thethird largest investor and the fourth biggest trade partner of Vietnam.

He said he hopes Japan and JBIC will continue to coordinate with Vietnamese agencies to seek more effective collaborationmethods to further beef up the Vietnam-Japan Extensive Strategic Partnership inthe new period.

The Vietnamese Government leader proposed that Japan andJBIC support Vietnam in building a fast-growing and sustainable economy atlarger scale with stronger self-reliance and better international integration.

Vietnam hopes to receive Japan’s support in reaching net-zeroemission in 2050 through existing cooperation mechanisms as well as theefficient implementation of the initiative to build a net-zero emission network inAsia and the Asia Energy Transition Initiative, and access the 10-billion-USD supportpackage that Japanese Prime Minister Kishida Fumio pledged at the 26th UN Climate Change Conference (COP26), he said.

PM Chinh also asked for JBIC's help in policyconsultations, capital sources, technology, human resources, and managementexperience for Vietnam to speed up energy transition and develop renewableenergy industry, and improve the capacity in manufacturing of equipment in thefield of solar power and wind power.

The Vietnamese leader asked Japan and the JBIC promote thenew-generation ODA cooperation programme that he and his Japanese counterpartdiscussed earlier, while assisting Vietnam in implementing strategicinfrastructure projects, especially in the fields of transport, climate change, anddigital transformation, as well as in enhancing medical capacity,promoting innovation, education and human resource training.

For his part, Maeda highly valued the achievements thatVietnam has made during the recent tough time, with effective policies tocontrol COVID-19 and ensure economic stability and development. He laudedcommitments and actions by Vietnam regarding environment-related issues.

He agreed with the Vietnamese leader’s proposals, and shareda number of ideas and solutions for specific cooperation contents.

He affirmed that JBIC wants to cooperate and accompany withVietnam in various aspects and areas.

Vietnam is one of the two key partner countries of Japan inASEAN in implementing cooperation strategies on climate change adaptation torealise the idea of building a net-zero emission community in Asia withspecific plans and projects, he stated./.