Update news ODA

Tens of billions of dollars needed to build north-south highway

VietNamNet Bridge - The north-south highway would have a total length of 2,100 kilometers, running across 32 provinces and cities, and would be built in three phases.

Vietnam builds north-south highway, but not a railway

The north-south transportation route is expected to be overloaded by 2020 with 45.3 million passengers and 62.2 million tons of cargo per annum. Building a north-south highway is the solution Vietnam has chosen.

ODA money is not for granted

Bui Duc Thu, deputy director of the National Assembly Deputies Affairs Committee speaks to Tuoi Tre newspaper about the Ministry of Planning and Investment’s role in tracking on the use of the overseas development aid.

Vietnam urged to prepare for no-ODA period

VietNamNet Bridge - Vietnam needs to draw up a long-term plan to stop receiving ODA within 15-20 years, experts say. As of June this year, it is no longer receiving preferential loans from WB.

Overlapping state management causes headaches for businesses

VietNamNet Bridge - Overlapping duties in state management have been found in 18 fields.

Vietnam trying to wean itself off preferential ODA loans

VietNamNet Bridge - Vietnam now has to think of attracting private capital for development projects as preferential ODA loans will now have higher interest rates. 

Young VN, Japan legislators urged to increase interaction

Chairman of the Viet Nam-Japan Friendship Parliamentarians’ Group, Pham Minh Chinh, yesterday proposed increased exchanges between young legislators of both countries as a way to advance bilateral relations.

Speeding up ODA and public investments crucial to avoid economic backlash

The slow progress of ODA fund and public investment disbursement may result in huge losses for the whole economy, thus, it is necessary to find ways to use these sources of funding efficiently and transparently to spur economic growth.

Foreign investors sought for BOT projects

VietNamNet Bridge - The lack of transparency in Vietnam is causing foreign investors to consider BOT (build-operate-transfer) projects cautiously.

Blacklisted Chinese contractors continue to undertake important projects

VietNamNet Bridge - Contractors fulfilling transport infrastructure projects are mostly from South Korea and China, according to a report released by the Ministry of Transport (MOT).

Private investors in infrastructure suffer disadvantages

VietNamNet Bridge - According to the Asian Development Bank (ADB), emerging economies in Asia, including in Vietnam, will need $26 trillion from now to 2030 to develop infrastructure. 

China increases investments in Vietnam

VietNamNet Bridge - China is pushing hard to build a new institution to accelerate cooperation among Asia Pacific countries. 

Climate change paves way for disease epidemics to return

VietNamNet Bridge - Unusual climate changes provide favorable conditions for diseases to break out, while some infectious diseases eliminated in the past are likely to return. 

How has outdated Chinese technology entered Vietnam?

VietNamNet Bridge - Vietnamese businesses are continuing to import outdated Chinese technology despite repeated warnings by scientists that the country could become a ‘technology landfill’.

Congressmen propose public debt clock in three large cities

VietNamNet Bridge - National Assembly’s deputies think that it is necessary to set up public debt clocks in the central areas of large cities.

How to arrange VND230 trillion to build north-south highway

The Ministry of Transport (MOT) has said that the north-south highway requires lower costs compared with other projects, but the Ministry of Finance (MOF) says the required investment is high compared with the long-term public investment plan.

Chinese contractors' delays frustrate minister, businesses

VietNamNet Bridge - Slow pace, inefficiency and higher-than-expected investment capital are the common characteristics of projects related to Chinese contractors.

Gov’t to stop acting as guarantor for state-owned enterprise loans

In an effort to ensure public debt security, the Prime Minister has decided that from 2017, the government will temporarily stop acting as a guarantor for state-owned enterprises (SOEs) that borrow money.

Vietnam seeks capital for water supply and drainage systems

VietNamNet Bridge - Vietwater 2016, the international exhibition on water supply & drainage, filtration and waste water treatment, to be held in November, is expected to attract 400 businesses from 38 countries.

Capital, though plentiful, still cannot be easily disbursed

Commercial banks have pumped VND5,000 trillion into to the economy so far this year. But funds raised from banks through government bond issuances are still waiting to be disbursed.