News Videos
International Edition


May 23, 2017

Breaking News, World News and Taiwan News.
About Us
Contact Us

Japan freezes Vietnam loans in a corruption ultimatum

HANOI, Vietnam -- Japan has frozen low-interest loans to Vietnam until it takes "meaningful" steps to eliminate corruption in public works programs, Tokyo's ambassador said Thursday.

The announcement was an embarrassing blow to Vietnam, which receives more development aid from Japan than any other single country.

Japanese ambassador Mitsuo Sakaba said his country would make no new loan pledges to Vietnam next year and would also suspend US$690 million in low-interest loans to support pending transportation and sewage projects in Vietnam.

In all, Japan pledged US$1.1 billion in low-interest development loans to Vietnam last year.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive our promos
 Respond to this email
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search