Vietnam and Japan should continue to beef up their partnership in the field of development cooperation, while working closely together to settle all obstacles for projects using Japanese official development assistance (ODA) in Vietnam, Deputy Minister of Planning and Investment Tran Quoc Phuong said at a high-level Vietnam-Japan economic conference held in Hanoi on March 7.
As Vietnam and Japan mark the 50th anniversary of diplomatic ties in 2023, the Japan International Cooperation Agency (JICA) will work harder to contribute to Vietnam’s development via official development assistance (ODA).
The Cat Linh-Ha Dong urban metro line has transported nearly 6 million passengers during more than nine months of operation, according to Hanoi Metro One Member Limited Company (Hanoi Metro) – a State-owned enterprise specialising in the operation and maintenance of urban railway in Hanoi.
About 527.1 trillion VND (over 22.9 billion USD) in foreign official development assistance (ODA) and concessional loans will be allocated during the 2011 - 2025 period.
The Vietnamese Government continues to consider official development assistance (ODA) as an important capital source and allocate part of it for socio-economic development in the mid-term public investment plan, said Permanent Deputy Prime Minister Pham Binh Minh.
Germany has pledged to provide 50 million EUR (58.8 million USD) in official development assistance (ODA) loans and another 63.559 million EUR in non-refundable ODA for 14 technical assistance and investment projects in Vietnam this year.
As of June 10, ministries and sectors had disbursed 1.253 trillion VND (54.6 million USD) of the public investment capital funded by foreign sources and planned for 2021, equivalent to only 7.53 percent of the year’s target.
Only 7.5 percent of official development assistance (ODA) and foreign loans have been disbursed since the beginning of the year according to the Ministry of Finance (MoF).
Prime Minister Nguyen Xuan Phuc on October 29 ordered competent ministries, sectors, and localities to take stronger actions to speed up the disbursement of official development assistance (ODA) and foreign loans for 2020, as disbursement remains at a critically-low level.
The disbursement of Official Development Assistance (ODA) in localities has sped up from seven months to only three to four months, contributing to lowering loan interests on State budget.
Problems remain in the implementation of Hanoi’s middle-term public investment plan for the 2016-2020 period, Vice Chairwoman of the municipal People’s Council Phung Thi Hong Ha said.
While the disbursement of official development assistance (ODA) has seen progress, without drastic solutions, it will be difficult for ministries and sectors to achieve allocation targets, Deputy Minister of Finance Tran Xuan Ha has said.
Minister of Planning and Investment Nguyen Chi Dung urged localities on August 26 to not use Official Development Assistance (ODA) loans next year for projects where funding can be mobilised from the private sector or domestic sources.
Deputy Prime Minister and Foreign Minister Pham Binh Minh conducted a fact-finding tour on June 29 to the construction site of the Ben Thanh-Suoi Tien metro line, one of the projects in HCM City using official development assistance (ODA).
The government has recently issued Decree No.56/2020/ND-CP on management and use of official development assistance (ODA) and concessional loans granted by foreign sponsors to Vietnam.
A cultural exchange night between Vietnam and Japan took place in the central coastal city of Da Nang on January 12 with the attendance of Prime Minister Nguyen Xuan Phuc and Secretary General of the Liberal Democratic Party (LDP) of Japan Nikai Toshihiro.
A sewage treatment plant funded by the Government of the Republic of Korea (RoK) through Korea Eximbank was inaugurated in Long Xuyen city in the Mekong Delta province of An Giang on October 8.
Ha Long city in the northeastern province of Quang Ninh is striving to develop sustainable tourism, especially promoting the world natural heritage site of Ha Long Bay.
The alarmingly sluggish disbursement of official development assistance (ODA) capital and foreign soft loans continued to be the topic of a teleconference in Hanoi on September 13.
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