Japan has approved a 44.86 trillion dong soft loan, via JICA, for Vietnam to implement 11 infrastructure projects. Moreover, a loan for the 6,155.8 trillion dong O Mon 3 coal-fired power plant is at the negotiation stage. A significant portion of the loan will go towards the following projects: the Nhat Tan Bridge; the metro system in Hanoi; the Cai Mep Port in the southern province of Ba Ria-Vung Tau; and the safety-related work of a rail bridge on the Hanoi–Ho Chi Minh City route. The interest rate on the loans for these projects will be 0.2 per cent, while the loans for the remaining projects will have interest rates that range from 0.65 to 1.4 per cent. The maturity period is 30–40 years, with a grace period of 10 years.
