World

Japan supports firms engaging in smart city building in Vietnam

The Japanese government will set up a fund worth 250 billion JPY (some 2.4 billion USD) to support Japanese companies' "smart-city" projects and to help further decarbonisation measures in Vietnam and other Southeast Asian nations, reported the Nikkei Asia.
Japan supports firms engaging in smart city building in Vietnam ảnh 1The Japanese government will set up a fund worth 250 billion JPY (some 2.4 billion USD) to support Japanese companies' "smart-city" projects and to help further decarbonisation measures in Vietnam and other Southeast Asian nations (Illustrative photo: VNA)

 Tokyo (VNA) – The Japanesegovernment will set up a fund worth 250 billion JPY (some 2.4 billion USD) tosupport Japanese companies' "smart-city" projects and to help furtherdecarbonisation measures in Vietnam and other Southeast Asian nations, reportedthe Nikkei Asia.

The fund will consist of some 50 billionJPY from the Japan Overseas Infrastructure Investment Corporation for Transportand Urban Development (JOIN), a government fund for infrastructure development,and a line of credit worth 200 billion JPY from the Japan Bank forInternational Cooperation (JBIC).

The government will encourage Japanesecompanies to participate in projects in 26 cities in 10 member countries of theAssociation of Southeast Asian Nations, including Hanoi, Ho Chi Minh City,Jakarta, Bangkok, Singapore and Kuala Lumpur.

Japan will ask 26 cities to present plansfor developing smart cities by the end of this year and is planning to select eligibleprojects by spring. The government expects Japanese companies to work out basicplans for the selected cities and conduct feasibility studies.

To promote smart-city projects, JOIN isconsidering measures such as the formation of joint ventures with Japanese andlocal companies. JBIC will extend the credit line to environmental programmessuch as those for cutting greenhouse gas emissions, increasing the use ofrenewable energy and preventing air and water pollution.

According to the Japanese government,smart-city plans are increasing in ASEAN members. Among Japanese companies,Tokyu is involved in a development project in Vietnam’s Binh Duong province,while a consortium of companies based in Yokohama has participated in a projectin the Thai province of Chonburi.

Trading houses Sojitz and Mitsubishi areseparately promoting the development of smart cities near Jakarta, Indonesia./.

VNA
#Japanese government#decarbonisation measures#Southeast Asian nations#smart cities#environmental programmes#vietnamlus#VIetnam News Agency
Follow VietnamPlus

Related News

Da Nang to become ‘smart’ in 2025

Da Nang to become ‘smart’ in 2025

Having launched an e-Government system in 2014, the central city of Da Nang has completed 1,632 out of 1,682 online administration procedures, marking a crucial step in becoming a ‘smart city’ and the first in Vietnam to join the ASEAN ‘smart’ city network by 2030.

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.