ODA funds remain key in Vietnam’s socio-economic development: Deputy PM
Vietnam is working on simplifying the ODA management process to speed up disbursement. It hopes ODA providers harmonize their own procedures with local legislation.
Vietnam is working on simplifying the ODA management process to speed up disbursement. It hopes ODA providers harmonize their own procedures with local legislation.
As of June 30, the disbursement rate of public investment remained modest at VND133.9 trillion (US$5.8 billion), lower than the rate recorded in the same period last year of 34%.
The Covid-19 pandemic was among main reasons causing a stagnation in the construction progress.
Projects lagging behind schedule are those financed by the official development assistance (ODA), preferential loans, foreign direct investment (FDI) and under the public-private partnership (PPP) mechanism.
Efficient debt management will be a major factor helping Vietnam get out of the group of highly indebted countries, a representative of the Ministry of Finance stated.
To Lich River- one among five main rivers of the capital being seriously polluted. More than 280 outfall sewers discharge sewage directly into the river.
Amid the Covid-19 causing global economic recession, Vietnam stands ready to receive a shift of investment capital from Japanese investors, Prime Minister Nguyen Xuan Phuc has said.
Vietnam – South Korea relations are growing strongly in all spheres, which have brought mutual benefits and trust to all parties involved, stated a Vietnamese senior official.
The disbursed amount of official development assistance (ODA) funds in Vietnam in the first nine months of 2020 stood at only VND26 trillion (US$1.12 billion), equivalent to 32.43% of the year’s estimate.
Hanoi has set up six task force teams specialized in accelerating disbursement of public funds.