Update news ODA

Vietnam, Japan ink ODA deals worth US$442 million

Vietnam and Japan on May 21 signed three agreements worth 61 billion yen (US$442 million) to finance official development assistance (ODA) projects in Vietnam.

Japan becomes largest ODA donor for Vietnam

After 30 years Japan has become Vietnam’s biggest ODA donor, with more than JPY2.7 trillion, approximately US$20 billion, in loans, nearly JPY100 billion in grant aid, and roughly JPY180 billion in support for technical cooperation.

Approval to replace even one light bulb reflects flaws in Law on Public Investment

Minister of Finance Ho Duc Phoc pointed out problems in the Law on Public Investment at the ongoing National Assembly session.

Why is public investment capital being returned to the state budget?

Some ministries, agencies and localities have given back public investment capital as they had not used up the capital.

ODA return burden to fiscal planning

Unable to disburse ODA as planned, many ministries and local authorities have begun to return the loans to the Government, adding burden to fiscal planning.

JICA disburses 75 mln in ODA for Vietnam in a year: Official

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.

Foreign ODA and concessional loans reach 15.5% of target

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.

HCM City calls for US investment to 10 major projects

Ho Chi Minh City has called on US enterprises to invest in 10 major projects of the city, especially those in infrastructure construction.

Int’l financial institutions commit to financing US$2.2 bln for Mekong Delta

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.

Japan helps Vietnam with earth observation satellite project

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.

Solutions to ineffective use of foreign loans

The Ministry of Finance recently reported to the Prime Minister on the disbursement of ODA and concessional foreign loans in 2021.

Government to borrow no more than VND673 trillion in 2022

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.

Disbursement requirements addressed

Numerous projects and investors will be cut off from public investment allocation due to the poor performance of disbursement this year, and this will affect socioeconomic development of localities involved.

Vietnam seeks new-generation ODA from Japan

Prime Minister Pham Minh Chinh suggested Japan provide Vietnam with new-generation official development assistance with maximum incentives and the simplest procedures.

VN reports public debt reaches VND3.7 quadrillion, plans to borrow VND571 billion next year

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.

HCM City urges speedy ODA disbursement for first metro line

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 pledges over 113.5 million EUR in ODA for Vietnam

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.

Overhaul in motion for ODA utilisation

Low and slow disbursement rates were the biggest limitation and one of the reasons for reducing the efficiency of ODA attraction into Vietnam.

Five-month ODA disbursement at localities meets 1.73 percent of yearly targets

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.

Government sets up taskforce to handle outstanding projects

The groups will be charge of handling outstanding projects with an aim to help solve longstanding problems at ministries and branches, and in localities.