Latest News about ODA
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
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.
Investors are worried as their Build-Operate-Transfer (BOT) projects cannot satisfy requirements as revenue has been lower than expected.
Ten ministries and agencies, as well as 45 localities, are giving back the capital allocated to them as they did not spend all the money they received in 2020.
HCM City wants to attract more private investment instead of relying on official development assistance (ODA) to build its remaining metro lines, but experts have said that it faces a difficult challenge.
With a strong certainty that air travel will recovery when the pandemic ends, airports are seen as long-term asset. In that case, any decision related to airport projects must be for the long-term view.
The prime minister has highlighted disbursing official development assistance (ODA) as the main mission of ministries and localities in the final months of this year.
The disbursement of public investment from the state budget has reached 60 percent, the highest ever level. The disbursement of ODA has also improved, but is still low.
icon Thời sự
Sáng nay, 29/10, Thủ tướng Nguyễn Xuân Phúc chủ trì hội nghị trực tuyến toàn quốc về tình hình thực hiện, giải ngân các chương trình, dự án ODA, vốn vay ưu đãi nước ngoài.
A foreign specialist in an ODA (Official Development Assistance) project can receive VND500-700 million a month, while pay for a Vietnamese specialist is just tens of millions of VND.
New policies are expected to accelerate the recovery of the real estate market and lay a firm foundation for the market’s long-term development.
icon Đầu tư
Hiện nay, do Tổng thầu Trung Quốc chưa xác định được mốc thời gian hoàn thành nên Dự án Cát Linh - Hà Đông chưa có cơ sở báo cáo cấp thẩm quyền cho phép kéo dài thời gian thực hiện.
If the huge capital for public investment can be brought into the economy, Vietnam would be able to save GDP growth.
There were no new ODA projects signed during March according to a report sent to the Government by the Ministry of Planning and Investment on socio-economic performance during the first quarter of the year.
The Japanese Government will provide a non-refundable aid worth 1.88 billion JPY (16.84 million USD) for Ho Chi Minh City to upgrade its existing sewerage system using trenchless technologies.
A draft decree on ODA is expected to address pending issues and obstacles existed in the current regulations.
The sluggish disbursement of public investment is attributable to the combination of three major factors.