Update news ODA
Minister of Finance Ho Duc Phoc pointed out problems in the Law on Public Investment at the ongoing National Assembly session.
Some ministries, agencies and localities have given back public investment capital as they had not used up the capital.
The Japan International Cooperation Agency Vietnam has disbursed some 10.8 billion JPY ($75 million) worth of ODA in Vietnam between April 2021 and March 2022, according to Chief Representative Shimizu Akira.
Disbursement of foreign official development assistance (ODA) and concessional loans has been slow, achieving only 15.48% of the target, the Ministry of Finance reported.
Ho Chi Minh City has called on US enterprises to invest in 10 major projects of the city, especially those in infrastructure construction.
Six international financial institutions have committed to financing US$2.2 billion in ODA and preferential loans for 20 sustainable development projects in the Mekong Delta in adaption to climate change during 2021-2025.
JICA has signed a loan agreement with the Vietnamese Government to provide a Japanese ODA loan worth over 18,870 million yen for the Disaster and Climate Change Countermeasure project using the earth observation satellite.
The Ministry of Finance (MOF) has submitted a statement to the Prime Minister about the public debt management program for 2022-2024, and the plan to borrow and pay public debts in 2022.
The Government’s report says that if the GDP in 2021 is below expectations, this will affect state budget overexpenditures as well as the national public debt and foreign debt safety indexes.
The HCM City People's Committee has asked the Ministry of Planning and Investment and Ministry of Finance to disburse Japan’s official development assistance (ODA) capital from the central budget this year
Germany has pledged to provide 50 million EUR ($58.8 million) 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.
The disbursed amount of public investment funded by ODA in localities in the first five months of 2021 stood at over VND1.1 trillion ($47.9 million), equivalent to just 1.73 percent of the year’s target, according to the Ministry of Finance.
The groups will be charge of handling outstanding projects with an aim to help solve longstanding problems at ministries and branches, and in localities.