International donors have pledged US$78.195 billion in official development assistance (ODA) for Vietnam over the next 20 years.
Many ODA-funded projects have already been implemented, providing fresh impetus for socio-economic development and contributing greatly to poverty reduction.
In recent years, ODA has become a crucial tool for developing infrastructure, stimulating economic growth and improving living standards for local Vietnamese people.
At recent policy talks, regarding Japanese ODA loan for Vietnam, international donorspraised Vietnam’s ODAmanagement and disbursement, stating the money has been invested properly
Japangranted ODA loans to assistVietnam indevelopingimportant infrastructure projects such as roads, bridges, and ports, creating a firm foundation for economic growth in Vietnam.
However, despite the substantial funding received over the years, ODA disbursement has failed to achieve the necessary breakthrough required for socio-economic development.
