ODA projects

Deputy PM Hoang Trung Hai asked that the wastefulness of ODA management and slow disbursement must be handled properly in the coming time.

Reforming the approach to managing official development assistance (ODA) infrastructure projects with the aim of speeding up disbursement of funds was the subject of a conference held in Hanoi on March 29.

Official Development Assistance (ODA) disbursement in the first quarter of this year is estimated at US$364 million, up 5% from the same period last year.

The Ministry of Transport is verifying claims that an executive of the Japan Transportation Consultants, Inc. (JTC) bribed Vietnamese transport officials in return for an ODA project.

The northern mountainous province of Lao Cai has effectively utilised official development assistance (ODA) to reduce its annual poverty rate by nearly 8% over the years.

The French Development Agency (AFD) has committed a EUR110.5 million aid package, including EUR0.5 million in non-refundable aid, to Hanoi’s metro line project.

Deputy PM Hoang Trung Hai has approved the extension of the deadline for the Northern Delta Transport Development Project, which is financed by the World Bank, till December 31, 2015.

Nearly 70% of overseas remittances in 2013 was poured in business and production, serving to extricate difficulties for enterprises and household businesses.

Japan will boost cooperation in agriculture, human resource training, technical assistance and science and technology with Vietnam, Ambassador Hiroshi Fukada has said.

Japanese Ambassador to Vietnam, Hiroshi Fukada, signed an agreement on January 15 to donate nearly US$820,000 million in non-refundable aid to seven projects in Vietnam.

Rockefeller-backed Rose Rock Group and Vietnam-based Vung Ro Petroleum have signed an agreement to develop a US$2.5 billion resort in Vung Ro Bay on the south central coast of Vietnam.

A credit contract worth VND 289.75 billion ($13.75 million) to develop the second phase of a BOT (Build-Operate-Transfer) project to expand Ha Noi Highway in Ho Chi Minh City was recently signed with the World Bank.

PM Nguyen Tan Dung has recently assigned the Ministry of Planning and Investment (MPI) to work with relevant agencies to give directions to realize the Government decree on managing and using the official development assistance (ODA) and donors’ soft loans.

The fishing industry has attracted over 70 foreign direct investment (FDI) projects worth over US$310 million, mostly focusing on aquaculture, processing, feed and fries.

​Japanese Prime Minister Shinzo Abe announced an official development assistance package valued at around 100 billion JPY (roughly 1 billion USD) for Vietnam during the December 15 talks with his Vietnamese counterpart Nguyen Tan Dung.

Development partners have committed to maintaining their assistance level to Vietnam in 2014 as that pledged in 2013, although the country has risen to middle-income status, Minister of Planning and Investment Bui Quang Vinh has said.

Of this figure, agreements worth US$58.463 billion have been signed, and US$37.597 billion have been disbursed.