Update news ODA

JBIC provides $200 mln credit for Vietnam’s energy projects

The Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and the Japan Bank for International Cooperation (JBIC) exchanged a credit contract worth $200 million to fund renewable energy projects in Vietnam.

Red tape results in low ODA disbursement in Vietnam: ADB

Vietnam’s average disbursement rate is much lower than that of other recipients of the Asian Development Bank’s ODA loans, largely due to cumbersome and time-consuming procedures, said Eric Sidgwick, ADB country director for Vietnam.


Minister: ODA disbursement at alarming pace

Disbursement of official development assistance (ODA) hit over VND1.6 trillion in the first five months of this year.

Chinese capital continues to flow to Vietnam

Chinese investors are pouring money ino Vietnam as a shelter from the US-China trade war.

Chinese scale up investments, buy local businesses in Vietnam

As more Chinese expand their businesses in Vietnam, many domestic enterprises have become Chinese partners or have been taken over by Chinese.

Banks are worried as BOT projects incur losses

Nearly half of the transport BOT projects under the management of the Directorate for Roads of Vietnam (DFRV) report low revenue, with many of them incurring big losses.

Chinese contractors’ low quality: know your own faults before blaming neighbor

To Vietnamese, Chinese contractors means ‘low quality’. However, they are not be the fatal problem of Vietnam’s infrastructure works.

Vietnam ‘dreams high’ with high-speed railway project

The government is submitting to the National Assembly a mammoth north-south express railway project worth $59 billion.


Gov’t wants to adjust criteria for classification of important national projects

Some economists warn that the higher investment capital for national important projects may make it more difficult to manage public projects and lend a hand to unnecessary use of state funds.

Vietnam to be more selective in giving incentives to FIEs

The Ministry of Planning and Investment (MPI) says it will change the current policy on attracting and using FDI and begin to offer investment incentives more selectively.

NA to raise foreign debt ceiling as demand rises for investment capital

The National Assembly has approved a plan to raise the foreign ODA ceiling from VND300 trillion to VND360 trillion ($15.41 billion) for medium-term public investment in the 2016-2020 period.

Lending interest rate high in Vietnam

The developers of road projects under the BOT (build, operate, transfer) investment mode complain that lending interest rates are too high, up to 10.5 percent per annum. 

Vietnam needs to behave wisely when receiving capital from China: experts

Instead of refusing Chinese capital, it would be better for Vietnam to receive capital flow in a tactical way to serve investment for development, experts say.

High public debt – the haunting worry

Analysts say Vietnam is facing dual difficulties: it has to prepare for the period when ODA (official development capital) capital will decrease, and must also bear pressure as 50 percent of domestic debts will be due in three years.

ODA and the trap of preferential loans

Vietnam, which has been using ODA (official  development assistance) capital for 25 years, has looked at the situation realistically and found the problems of ODA.

Coal-fired power plants increasingly unpopular among Vietnamese

Thermal power will continue to be the major electricity generation source for Vietnam in upcoming years, but citizens are becoming increasingly vocal about the undesired environmental impact of such projects. 

Public debts rise, Ministry warns of ODA trap

VietNamNet Bridge - The interest rates offered by China are twice as much as other lenders, while the lending conditions are less preferential.

HCM City seeks authority to make direct decisions on metro projects

 VietNamNet Bridge – HCM City authorities have asked the Government to consider allowing the city and provincial level administrative agencies to approve metro projects to ensure that construction remains on schedule.

VN considers allowing private investors to access ODA

VietNamNet Bridge - Economists agree that private investors should also be allowed access to official development assistance capital, but warn that credit may be used improperly. 

Investors weary, wait for law on Public-Private Partnerships

VietNamNet Bridge - Many investors are complaining that they are in a dilemma because of the law on PPP investments.