ODA disbursement increased by 10 percent in the first nine months of this year compared to a year ago
ODA disbursement in the first nine months of this year reached US$4.105 billion, an increase of 10 percent compared to the same period last year. This amount included US$4.015 billion in preferential loans, with the remainder being grants. Over US$350 million was disbursed in September alone.
According to the Ministry of Planning and Investment, ODA disbursement achieved positive results thanks to a number of measures to prevent negative impacts. For example, the conference on promoting disbursement organized on March 29 between the national steering committee and six partners, including the Asian Development Bank (ADB), the World Bank (WB), the Japan International Cooperation Agency (JICA), the French Development Agency (AFD), the KfW and the Export-Import Bank of Korea (Korea Eximbank) highlighted challenges and difficulties in the implementation process of ODA projects. Addressing the conference, delegates agreed solutions to speed up ODA disbursement such as solution groups on policy adjustment and implementation, project monitoring and implementation, project management, capital allocation and compensation for ground clearance.
To accelerate ODA disbursement, the Ministry of Planning and Investment cooperated with the WB to organize meetings and seminars to review delayed ODA projects in order to agree solutions to overcome any difficulties. In addition, the ministry collaborated with the Japanese government to organize the second Vietnamese-Japanese meeting on agreeing solutions to prevent negative impacts in the implementation of transport projects.
Deputy Prime Minister Hoang Trung Hai, head of the national steering committee on ODA projects chaired meetings in order to review the implementation of ODA projects in the first half of this year and agreed solutions to overcome difficulties for delayed ODA projects.
According to the Ministry of Planning and Investment, total ODA capital provided to Vietnam in the first nine months of this year reached US$3.519 billion with a number of key projects and programs such as the Second Economic Management and Competitiveness Credit (EMCC 2) Development Policy Operation Program (DPO) worth US$147.6 million and the Thai Binh Thermal Power Plant and Transmission Lines Construction Project worth US$351.11 million funded by Japan, the Vietnam Road Asset Management Project worth US$251.7 million sponsored by the WB, the Da Nang-Quang Ngai Expressway Project (DQEP), being constructed as part of the North-South Expressway worth US$295.29 million funded by Japan, the Vietnam-Finland Innovation Partnership Program (phase 2) worth US$13.56 million and the Central Mekong Delta Region Connectivity Project with US$410 million funded by ADB and US$160 million in non-refundable aid from Australia./.
By Nguyen Hoa
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