The Japanese government intends to finance a water project in Vietnam. The project forms part of Japan’s efforts to scale up infrastructure exports by private Japanese firms to emerging nations, sources of The Japan Times said.
The Japan International Cooperation Agency is expected to invest 2 billion yen (USD24 million) in the 50 billion yen project, which will establish a joint venture between Metawater Co. and Cambodian firms to help build and manage a water treatment plant.
In June, Japan set out an economic plan that includes investing official development assistance in foreign infrastructure projects.
The Japanese government is also planning to support a road project in the Philippines, the sources added.