ODA disbursement up by 10 percent in nine months
The total amount of official development assistance (ODA) disbursed in
January-September was estimated at 4.1 billion USD, 10 percent higher
than the previous year.
The total amount of official development assistance (ODA) disbursed in
January-September was estimated at 4.1 billion USD, 10 percent higher
than the previous year.
Deputy Minister of Planning and Investment Nguyen Van Hieu said the implementation of ODA projects, especially those funded by the Japan International Cooperation Agency (JICA) and the World Bank (WB), was on the right track.
In order to achieve such positive outcomes, the ministry worked with the WB to examine slowly-disbursed projects, and join hands with Japanese partners to put forth measures against negative phenomena like corruption while implementing ODA transport projects.
During the reviewed period, major ODA projects were struck, such as Japan’s Economic Management Competitiveness Credit (EMCC) and the WB’s Road Asset Management Project, worth 147.6 million USD and 251.7 million USD, respectively.
However, gaps in the disbursement of capital between sectors and localities still exist, mainly in the fields of transportation, power, energy and climate change.
The Vietnamese Government has been actively pursuing the disbursement of ODA, with ministries, relevant sectors and localities pledging to work harder in the near future, to help businesses overcome difficulties to effectively utilise this capital.-VNA
Deputy Minister of Planning and Investment Nguyen Van Hieu said the implementation of ODA projects, especially those funded by the Japan International Cooperation Agency (JICA) and the World Bank (WB), was on the right track.
In order to achieve such positive outcomes, the ministry worked with the WB to examine slowly-disbursed projects, and join hands with Japanese partners to put forth measures against negative phenomena like corruption while implementing ODA transport projects.
During the reviewed period, major ODA projects were struck, such as Japan’s Economic Management Competitiveness Credit (EMCC) and the WB’s Road Asset Management Project, worth 147.6 million USD and 251.7 million USD, respectively.
However, gaps in the disbursement of capital between sectors and localities still exist, mainly in the fields of transportation, power, energy and climate change.
The Vietnamese Government has been actively pursuing the disbursement of ODA, with ministries, relevant sectors and localities pledging to work harder in the near future, to help businesses overcome difficulties to effectively utilise this capital.-VNA
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