Donors May Pledge US$5.07B in ODA for Vietnam at CG Meeting: MPI

International donors will likely pledge US$5.07 billion in official development assistance (ODA) for Vietnam for 2010 at the Consultative Group (CG) Meeting this year, the Ministry of Planning and Investment (MPI) said.

 

Of the sum, the pledged aid by the World Bank, the Asian Development Bank and Japan will account for 70%-80%, according to the ministry.

 

The ODA will be used mainly for infrastructure projects, with US$710 million for terminal T2 of Noi Bai International Airport, US$580 million for Danang-Quang Ngai expressway, US$615 million for Hoa Lac Hi-tech Park’s infrastructure construction and US$150 million for a road from Nhat Tan Bridge to Noi Bai airport.

 

Vietnam targets to disburse US$2.47 billion in ODA in 2010, up 30% against the set figure of US$1.9 billion in 2009.

 

The Southeast Asian has inked agreements valued at US$3.85 billion in ODA so far this year, and the figure for the whole year may reach US$5.05 billion.

 

The CG Meeting 2009 is scheduled to take place in Hanoi on December 3-4, the MPI said. (Labor)