Vietnam PM Asks Japan To Continue Aid

June 7, 2001

TOKYO (Dow Jones)--Vietnamese Prime Minister Phan Van Khai Thursday asked Japanese Finance Minister Masajuro Shiokawa to continue Japan's fiscal support for Vietnam, according to a senior official at Japan's Ministry of Finance.

According to the official, Khai told Shiokawa at the meeting that his country greatly appreciated Japan's support as it has helped strengthen infrastructure and reduce poverty in Vietnam.

Khai, who is currently visiting Tokyo, had a 20-minute meeting with Shiokawa early Thursday.

Khai also said that though his country has seen rapid economic growth lately, he still hopes Japan will continue with its fiscal support, according to the official.

The two reportedly did not discuss Japan's decision to scale back funds for official development assistance (ODA) to developing nations this fiscal year.

Regarding the government's ODA policy for the next fiscal year, Shiokawa said in May the government will review ODA spending when it considers ways to cut spending and keep new government bond issues below Y30 trillion.

Titles of speakers, names of companies, etc., were correct as of the time when the forum was held.