Welcoming JICA’s proposal for a new ODA cooperation framework, PM Le Minh Hung said its proposed areas largely match Vietnam’s development priorities as well as the orientations agreed upon by the two PMs.
Kobayashi said that “new-generation ODA” represents a shift from the traditional focus on funding individual infrastructure projects towards a broader, more strategic approach that integrates policy support, market creation and technology connectivity.
Prime Minister Pham Minh Chinh proposed the bank and Vietnam sign a new-generation official development assistance (ODA) agreement with a larger financial scale, more preferential interest rates, simpler procedures, and less stringent conditions.