Update news ODA

Ministries disagree on Chinese-funded highway project

MOT believes Vietnam should borrow $300 million from China if it chooses Chinese contractors for the highway project, while the ministries of Planning & Investment (MPI) and Finance (MOF) say Vietnam needs to be more cautious about the project.

Provincial debt seen inching up

Debt owed by provinces and cities is poised to increase steadily in the coming years as the Government will boost its on-lending of foreign loans and reduce budget allocations for projects using ODA and preferential loans in provinces.

VN economy faces tough future

 VietNamNet Bridge – Viet Nam’s economic growth in 2016 will be affected by many factors. General Director of the Viet Nam Statistics Office, Nguyen Bich Lam, speaks to business news website BNEWS

VN does not need to rely on loans: economists

VietNamNet Bridge - There are huge financial resources in Vietnam which still have not been mobilized for investment and development.

HCMC seeks ODA for transport and environment projects

The HCMC government has proposed the Ministry of Planning and Investment assist the city to mobilize official development assistance and preferential loans for its large-scale infrastructure, transportation and environment projects.

Vietnam still needs ODA for infrastructure development: economists

VietNamNet Bridge - While some analysts believe official development assistance (ODA) should be reduced, others believe that Vietnam still needs ODA capital for infrastructure development.

Vietnam learns to live without ODA

VietNamNet Bridge - Relending ODA (official development assistance) capital instead of allocating capital is one of the methods Vietnam could use the capital source more effectively as ODA for Vietnam will be cut in the near future.

2015 budget deficit at 7% of GDP: report

 VietNamNet Bridge – Last year’s budget deficit reached an estimated 7% of nominal gross domestic product (GDP), the highest level since 2000, the Vietnam Institute for Economic and Policy Research (VEPR) said in a quarter-four report.

Poor provinces request more ODA

About $15.5 billion worth of preferential loans within the framework of official development assistance (ODA) have been allocated to localities in the last 10 years. 

Vietnam predicts three investment waves from South Korea, Japan, US

VietNamNet Bridge - Diverse sources of foreign direct investment (FDI) are expected to help Vietnam create equilibrium in attracting FDI and ease reliance on certain sources.

How should Vietnam use ODA?

“Vietnam needs to take full advantage of ODA (official development assistance) provided by developed countries” was the reply to a question about whether the country should become choosier in receiving ODA and turning down some ODA sources.

Chinese ODA and the right to choose ODA sources

VietNamNet Bridge - A National Assembly Deputy has suggested rejecting ODA from China. Experts have mentioned ‘the right to haggle about ODA’.

What will happen to Vietnam if Japan's economy falls into recession?

The news that Japan has entered an economic downturn has raised concerns among Vietnamese exporters. Meanwhile, experts believe Japan will still be keen in providing ODA (official development assistance) to Vietnam. 

Public debt unsustainable

VietNamNet Bridge - Spending too much while income is limited, according to experts, is the main reason behind the current worrying situation of public debt.

The negative side of Chinese investment in Vietnam

Chinese investors have shown greater interest in Vietnam as an investment destination, especially after Vietnam concluded negotiations for the Trans Pacific Partnership Agreement and signed a series of free trade agreements (FTAs).

Ministry, economists disagree on using ODA for support industries

The Ministry of Planning and Investment (MPI) has said that the official development assistance (ODA) is reserved for investment and development, not for commercial purposes. Economists say that ODA is not a ‘magic wand’ for support industries. 

Experts propose using ODA to develop support industries

VietNamNet Bridge - Experts have suggested that ODA (official development assistance) should be used to fund the support industry in Vietnam.  

Investors threaten to boycott BOT transport projects

The State Bank has told commercial banks to remain cautious about disbursing money for transport projects developed under the mode of BOT (build, operation, transfer). Meanwhile, investors say that BOT projects have an unreasonable mechanism.

Viet Nam thanks ODA for making the nation richer

VietNamNet Bridge – Viet Nam's many achievements in socio-economic development over the past 30 years of doi moi (renewal) owed much to 20 years as recipients of significant Official Development Assistance (ODA).  

Malaysia builds power plant in Vietnam with Chinese capital

VietNamNet Bridge - Vietnam lacks capital to build power plants and has called for foreign investment, which analysts say is not the best solution.